$BTC just printed a 12-week low. Nobody big is buying yet.
What hit it:
- Spot BTC ETFs: 5 straight days of outflows, ~$1.44B since Nov 5 ($299.9M on Nov 11 alone, mostly IBIT)
- Jensen Huang's sudden exit from Nvidia sent AI/tech risk lower
- Hot October CPI → December hike fears. October PPI lands tonight (8:30 ET / 20:30 ICT)
- ~$750M liquidated in 24h, mostly longs (CoinGlass)
Price: $71,349 (Binance, 07:17 ICT), −3.6% 24h, low $71,113. Wilder RSI 1D 29.3 / 4H 25.4. Oversold, but still under every EMA.
My plan, small size only:
Bid $69,000–70,000 (Aug 20 breakout base)
SL $67,800
TP $72,700 / $74,200 / $75,400 (1.9R / 2.8R / 3.5R)
Daily close under $68,900 = no trade, next demand $64K–65K
NFA. DYOR.
Do you buy $BTC at RSI 29, or wait for ETF flows to flip first?
What hit it:
- Spot BTC ETFs: 5 straight days of outflows, ~$1.44B since Nov 5 ($299.9M on Nov 11 alone, mostly IBIT)
- Jensen Huang's sudden exit from Nvidia sent AI/tech risk lower
- Hot October CPI → December hike fears. October PPI lands tonight (8:30 ET / 20:30 ICT)
- ~$750M liquidated in 24h, mostly longs (CoinGlass)
Price: $71,349 (Binance, 07:17 ICT), −3.6% 24h, low $71,113. Wilder RSI 1D 29.3 / 4H 25.4. Oversold, but still under every EMA.
My plan, small size only:
Bid $69,000–70,000 (Aug 20 breakout base)
SL $67,800
TP $72,700 / $74,200 / $75,400 (1.9R / 2.8R / 3.5R)
Daily close under $68,900 = no trade, next demand $64K–65K
NFA. DYOR.
Do you buy $BTC at RSI 29, or wait for ETF flows to flip first?
