btcbelow75k

Bitcoin officially broke below 75K, plunging straight to the 73.9xx USDT range!
The Wall Street AI stock sell-off has spread to crypto, wiping out over $1 billion in long positions.
The MA200 is right below at $73,200. Could BTC drop below $64K like I said? With net outflows from ETFs for five consecutive days, plus this jobs report pressuring the Fed to raise rates, a break below the MA200 and a plunge toward 60K is entirely possible if this week’s CPI comes in bad! I told you so!
That makes 5 consecutive weeks of red candles for BTC. Whether it’ll be 6 or 7 weeks is still unknown, but things aren’t looking very promising.
What should traders do? The $73,200–$75,000 range is extremely sensitive. Don’t be foolish and try to catch a falling knife or revenge trade long. Reduce leverage, hold stablecoins, and sit tight until the CPI release!
⚠️ This is not financial advice!
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