⚡ Bitcoin dropped $2,400 in ONE hour, then clawed back 87% of it. Bottom, or bait? 👀
On Sunday it was the only big market open, so it took the hit alone.
Drop: ~$75.7K to ~$73.3K
Crypto longs wiped: $700M+ in about 20 minutes
Low: a hair above the 200-day average (~$73.2K)
Now: $75,397
The flush hit within an hour of Nvidia’s board announcing an investigation into CEO Jensen Huang. No one has confirmed a link. But when US futures reopened two hours later, Nasdaq futures dipped only about 0.2%, and Bitcoin briefly erased the whole drop.
Friday’s map said losing $75K opens the 200-day near $73.2K. The wick stopped about $150 above it, a selling climax (panic selling that exhausts sellers) on a huge volume spike.
Now the bounce is back at the old floor. $75.5K held all weekend, and supply sits right above at $75.85K to $76.2K. Either a base is starting here, or this is a last point of supply (a relief rally sellers use to reload).
What to watch:
4H close above $76.2K → the breakdown was a shakeout, $77K then $78.85K next.
Rejection here and a loss of $74.8K → the $73.3K low and the 200-day get retested.
Tuesday’s CPI is the last inflation print before the Fed’s December call, with hike odds near 77% and $1.28B pulled from spot ETFs last week. Thin Sunday liquidity just moved price 3% in under an hour. Size for that.
Base at the 200-day, or a bounce built for sellers?
Not financial advice.
$BTC
$NVDA
$ETH
On Sunday it was the only big market open, so it took the hit alone.
Drop: ~$75.7K to ~$73.3K
Crypto longs wiped: $700M+ in about 20 minutes
Low: a hair above the 200-day average (~$73.2K)
Now: $75,397
The flush hit within an hour of Nvidia’s board announcing an investigation into CEO Jensen Huang. No one has confirmed a link. But when US futures reopened two hours later, Nasdaq futures dipped only about 0.2%, and Bitcoin briefly erased the whole drop.
Friday’s map said losing $75K opens the 200-day near $73.2K. The wick stopped about $150 above it, a selling climax (panic selling that exhausts sellers) on a huge volume spike.
Now the bounce is back at the old floor. $75.5K held all weekend, and supply sits right above at $75.85K to $76.2K. Either a base is starting here, or this is a last point of supply (a relief rally sellers use to reload).
What to watch:
4H close above $76.2K → the breakdown was a shakeout, $77K then $78.85K next.
Rejection here and a loss of $74.8K → the $73.3K low and the 200-day get retested.
Tuesday’s CPI is the last inflation print before the Fed’s December call, with hike odds near 77% and $1.28B pulled from spot ETFs last week. Thin Sunday liquidity just moved price 3% in under an hour. Size for that.
Base at the 200-day, or a bounce built for sellers?
Not financial advice.
$BTC
$NVDA
$ETH
