$BTC 𝗶𝘀 𝘁𝗲𝘀𝘁𝗶𝗻𝗴 ~$𝟲𝟵𝗞. 𝗧𝘄𝗼 𝗺𝗮𝗷𝗼𝗿 𝗹𝗲𝘃𝗲𝗹𝘀 𝗱𝗲𝗰𝗶𝗱𝗲 𝘄𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝘀 𝗻𝗲𝘅𝘁 👇📊
• 𝟬.𝟲𝟭𝟴 𝗚𝗼𝗹𝗱𝗲𝗻 𝗣𝗼𝗰𝗸𝗲𝘁: $69.1K (fighting right on it)
• 𝟮𝟬𝟬-𝗪𝗲𝗲𝗸 𝗠𝗔: ~$67.5K
💡 𝗪𝗵𝘆 𝘁𝗵𝗲 𝟮𝟬𝟬𝗪𝗠𝗔 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:
It tracks the average of the last 200 weekly closes (~4 years of price history). Historically, this zone acts as Bitcoin's ultimate cycle floor. Scare wicks below it are completely normal, so focus on where the 𝘄𝗲𝗲𝗸𝗹𝘆 𝗰𝗮𝗻𝗱𝗹𝗲 actually closes.
🗺️ 𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝗺𝗮𝗽:
📉 𝗕𝗲𝗮𝗿 𝗖𝗮𝘀𝗲: Lose both levels on a weekly close ➔ opens the door to $𝟲𝟰.𝟭𝗞 (0.786 Fib).
📈 𝗕𝘂𝗹𝗹 𝗖𝗮𝘀𝗲: Reclaim $𝟳𝟮.𝟲𝗞 (0.5 Fib) ➔ sets up a relief push back to $𝟳𝟲𝗞.
⚠️ 𝗪𝗵𝘆 𝘁𝗵𝗲 𝗛𝗲𝗮𝘃𝘆 𝗦𝗲𝗹𝗹 𝗣𝗿𝗲𝘀𝘀𝘂𝗿𝗲?
Rising Fed rate-hike fears combined with nearly ~$𝟮𝗕 𝗶𝗻 𝗦𝗽𝗼𝘁 𝗘𝗧𝗙 𝗼𝘂𝘁𝗳𝗹𝗼𝘄𝘀 this month are keeping buyers cautious.
Trade the levels, not hope. 𝗡𝗙𝗔. 𝗗𝗬𝗢𝗥. 🙏
$BTC #bitcoin #CryptoTrading
• 𝟬.𝟲𝟭𝟴 𝗚𝗼𝗹𝗱𝗲𝗻 𝗣𝗼𝗰𝗸𝗲𝘁: $69.1K (fighting right on it)
• 𝟮𝟬𝟬-𝗪𝗲𝗲𝗸 𝗠𝗔: ~$67.5K
💡 𝗪𝗵𝘆 𝘁𝗵𝗲 𝟮𝟬𝟬𝗪𝗠𝗔 𝗠𝗮𝘁𝘁𝗲𝗿𝘀:
It tracks the average of the last 200 weekly closes (~4 years of price history). Historically, this zone acts as Bitcoin's ultimate cycle floor. Scare wicks below it are completely normal, so focus on where the 𝘄𝗲𝗲𝗸𝗹𝘆 𝗰𝗮𝗻𝗱𝗹𝗲 actually closes.
🗺️ 𝗧𝗵𝗲 𝗥𝗼𝗮𝗱𝗺𝗮𝗽:
📉 𝗕𝗲𝗮𝗿 𝗖𝗮𝘀𝗲: Lose both levels on a weekly close ➔ opens the door to $𝟲𝟰.𝟭𝗞 (0.786 Fib).
📈 𝗕𝘂𝗹𝗹 𝗖𝗮𝘀𝗲: Reclaim $𝟳𝟮.𝟲𝗞 (0.5 Fib) ➔ sets up a relief push back to $𝟳𝟲𝗞.
⚠️ 𝗪𝗵𝘆 𝘁𝗵𝗲 𝗛𝗲𝗮𝘃𝘆 𝗦𝗲𝗹𝗹 𝗣𝗿𝗲𝘀𝘀𝘂𝗿𝗲?
Rising Fed rate-hike fears combined with nearly ~$𝟮𝗕 𝗶𝗻 𝗦𝗽𝗼𝘁 𝗘𝗧𝗙 𝗼𝘂𝘁𝗳𝗹𝗼𝘄𝘀 this month are keeping buyers cautious.
Trade the levels, not hope. 𝗡𝗙𝗔. 𝗗𝗬𝗢𝗥. 🙏
$BTC #bitcoin #CryptoTrading