BTC has been stuck between 81K and 83K for days, and it feels like everyone is waiting for the same thing.
ETF money keeps flipping, out one day, back in the next. One estimate puts ETF buyers’ average cost near 81.5K, so price is sitting right on top of their entry. Maybe that’s why it’s neither running nor dropping.
80K has held every time it was tested this week. Somewhere around 83 to 84K keeps rejecting it. Until one of those breaks with real volume, I’m not forcing a trade either way.
I’ve also seen price sweep the obvious level, take the stops, then go back the other way. So if 80K gets tested again, I’d rather see it come back first before trusting it.
Which breaks first, 80K or 84K?
$BTC #BTC
ETF money keeps flipping, out one day, back in the next. One estimate puts ETF buyers’ average cost near 81.5K, so price is sitting right on top of their entry. Maybe that’s why it’s neither running nor dropping.
80K has held every time it was tested this week. Somewhere around 83 to 84K keeps rejecting it. Until one of those breaks with real volume, I’m not forcing a trade either way.
I’ve also seen price sweep the obvious level, take the stops, then go back the other way. So if 80K gets tested again, I’d rather see it come back first before trusting it.
Which breaks first, 80K or 84K?
$BTC #BTC