$BTC broke above 78,804 on Monday and couldn't keep it. The daily closed at 76,816, the lowest close in 30 days.
Monday was the first full weekday since withdrawals came back. Buyers pushed to 78,878, then sellers took over into the close.
Levels:
- 78,878: Monday's high, the failed break.
- 77,910: Oct 29 low. Price is under it now, so it's the first resistance.
- 76,664 to 76,705: today's low and Monday's low.
- 76,326: Oct 30 low and the bottom of the 30-day range.
Price near 77,174 at 08:40 (UTC+7). Funding is +0.0100%, the base rate.
My plan: no longs under 77,910. A daily close under 76,326 opens a new leg down. A close back above 77,910 makes Monday a shakeout.
NFA. Which breaks first: 77,910 or 76,326?
$BTC #WithdrawalsBack: 15 networks live
Monday was the first full weekday since withdrawals came back. Buyers pushed to 78,878, then sellers took over into the close.
Levels:
- 78,878: Monday's high, the failed break.
- 77,910: Oct 29 low. Price is under it now, so it's the first resistance.
- 76,664 to 76,705: today's low and Monday's low.
- 76,326: Oct 30 low and the bottom of the 30-day range.
Price near 77,174 at 08:40 (UTC+7). Funding is +0.0100%, the base rate.
My plan: no longs under 77,910. A daily close under 76,326 opens a new leg down. A close back above 77,910 makes Monday a shakeout.
NFA. Which breaks first: 77,910 or 76,326?
$BTC #WithdrawalsBack: 15 networks live