$BTC BREAKS $63K SUPPORT AS ANALYST TARGETS $53-55K REGION ⚠️
This is a key level to watch. Bitcoin opened the week with a 1.8% dip, slipping below the $63K support that held over the weekend. We're now sitting near $62.8K.
ETF inflows turned positive for the first time in nine weeks — $197M came in. But that only recovers about 2.4% of the $8.26B that drained out. Meanwhile long-term holder supply hit 84%, a record high, but price action isn't responding. That's a divergence worth paying attention to.
Analyst Mr. Wall Street expects the weekly MA200 to break and targets $53-55K as the next major downside. Are you shorting this breakdown or waiting for a bounce to enter?
Not financial advice. Always manage your risk.
#BTC #Bearish #CryptoAnalysis #SupportBreak ⚡