Saturday morning flush: $BTC slipped to about $66,600 on Binance, its lowest since Aug 19, and $ETH tagged $1,878, its lowest since mid-August. Per Watcher Guru, over $330M was liquidated in roughly two hours. Fear & Greed sits at 13, extreme fear.
Scorecard on my recent levels: XRP lost $1.00 on the day, SOL broke $77.90 and trades near $75 now, and BNB lost $622 too. The bearish reads were right, but chasing shorts at extreme fear is late.
My weekend view: thin liquidity means wicks both ways. If BTC reclaims $68,300 (today's open) on a daily close, I'd expect a relief bounce toward $70,000 first. Lose $66,000 on a daily close and the August low near $64,200 is the next magnet. Wrong if BTC closes back above $70,200 by Monday.
Fear this deep has often marked short-term lows rather than tops. Sizing small either way.
#Bitcoin #CryptoMarket #FearAndGreed NFA
Scorecard on my recent levels: XRP lost $1.00 on the day, SOL broke $77.90 and trades near $75 now, and BNB lost $622 too. The bearish reads were right, but chasing shorts at extreme fear is late.
My weekend view: thin liquidity means wicks both ways. If BTC reclaims $68,300 (today's open) on a daily close, I'd expect a relief bounce toward $70,000 first. Lose $66,000 on a daily close and the August low near $64,200 is the next magnet. Wrong if BTC closes back above $70,200 by Monday.
Fear this deep has often marked short-term lows rather than tops. Sizing small either way.
#Bitcoin #CryptoMarket #FearAndGreed NFA
