Fifth Red Week Threatens Market
the market is coiling tightly around the seventy-five thousand eight hundred dollar range as traders prepare for the weekly candle close.
if the current level fails to bounce, it will mark five straight red weekly candles—a historical setup that has occurred only twice in the last decade. institutional headwinds remain strong following one point two eight billion dollars in net etf redemptions over the past five sessions. despite the sell-off, spot bid depth continues to absorb volume right above major structural support.
are you scaling into spot positions before the weekly close or waiting for confirmation? let us know below 👇
#btc #etfoutflows #marketstructure #chainbytemedia
$BTC
Disclaimer: Not financial advice. Always do your own research.
the market is coiling tightly around the seventy-five thousand eight hundred dollar range as traders prepare for the weekly candle close.
if the current level fails to bounce, it will mark five straight red weekly candles—a historical setup that has occurred only twice in the last decade. institutional headwinds remain strong following one point two eight billion dollars in net etf redemptions over the past five sessions. despite the sell-off, spot bid depth continues to absorb volume right above major structural support.
are you scaling into spot positions before the weekly close or waiting for confirmation? let us know below 👇
#btc #etfoutflows #marketstructure #chainbytemedia
$BTC
Disclaimer: Not financial advice. Always do your own research.