$BTC printed $72,727 after CPI.
Lowest since August.
Now sitting at ~$73.7K, down 5% on the week, with spot ETFs bleeding for 4 days straight.
My take:
This is a boring grind, not a crash.
Whales are sitting on their hands while leveraged longs keep paying the bill.
Lose $72.7K and the 2021 top near $69K comes into view. Hold it and the shorts get greedy.
Bounce loading or more pain first?
Lowest since August.
Now sitting at ~$73.7K, down 5% on the week, with spot ETFs bleeding for 4 days straight.
My take:
This is a boring grind, not a crash.
Whales are sitting on their hands while leveraged longs keep paying the bill.
Lose $72.7K and the 2021 top near $69K comes into view. Hold it and the shorts get greedy.
Bounce loading or more pain first?