$BTC Slides to an 11-Week Low: Can $74K Hold?
A thin Sunday flush sent $BTC down to $73,510, its weakest print since August, before it recovered to about $74,500. $ETH fell about 5% to near $2,128.
Leverage got hit:
over $1B was liquidated in 24 hours, mostly longs. US spot ETFs saw $1.28B of outflows in a week, the largest in 4 months.
Levels:
support at $73,500–$74,000. Resistance at $75,000, then $76,000, which $BTC must reclaim before a recovery toward $78,000.
Sentiment:
Fear & Greed sits at 29, and October payrolls of +165K keep rate-hike risk in focus.
Not financial advice. DYOR.
#Bitcoin❗ #BTC☀️ #Ethereum✅ #CryptoAnalysis #writetoearn
A thin Sunday flush sent $BTC down to $73,510, its weakest print since August, before it recovered to about $74,500. $ETH fell about 5% to near $2,128.
Leverage got hit:
over $1B was liquidated in 24 hours, mostly longs. US spot ETFs saw $1.28B of outflows in a week, the largest in 4 months.
Levels:
support at $73,500–$74,000. Resistance at $75,000, then $76,000, which $BTC must reclaim before a recovery toward $78,000.
Sentiment:
Fear & Greed sits at 29, and October payrolls of +165K keep rate-hike risk in focus.
Not financial advice. DYOR.
#Bitcoin❗ #BTC☀️ #Ethereum✅ #CryptoAnalysis #writetoearn
