A BREAK IS NOT A VERDICT ๐ง
$BTC fell about 6% from Wednesday's $80K to $75,700 on Nov 5, giving back its post election rally as AI stocks sold off. ๐
Bitcoin just lost its 50-week EMA as the AI stock rout wiped $1.1B in longs.
Is $68K next, or was that the flush?
My Take: Bearish short-term ๐ป
$75K is the key level. Hold hua to bounce, break hua to $68K.
What do you think? ๐
$68K or Bounce?
#ShareYourThoughtOnBTC $BTC #Bitcoinhaving in #Crypto #BEARISH๐ #BinanceSquareFamily
$BTC fell about 6% from Wednesday's $80K to $75,700 on Nov 5, giving back its post election rally as AI stocks sold off. ๐
Bitcoin just lost its 50-week EMA as the AI stock rout wiped $1.1B in longs.
Is $68K next, or was that the flush?
My Take: Bearish short-term ๐ป
$75K is the key level. Hold hua to bounce, break hua to $68K.
What do you think? ๐
$68K or Bounce?
#ShareYourThoughtOnBTC $BTC #Bitcoinhaving in #Crypto #BEARISH๐ #BinanceSquareFamily
