Monday Market Recap: BTC Slides to ~$68K, 4th Red Week — Stabilizing or More Pain Ahead? 📉🔍
Binance fam, rough start to the week! 😩
Quick recap (last week → now):
$BTC closed fourth straight red week, now ~$68,200–$68,800 (down 2-3% 24h, lows tested near $67k).
$ETH sliding to ~$1,990–$2,000 (over 5% losses in spots).
Broader bleed: 85/100 top tokens red, privacy coins (XMR -10%, ZEC -8%) hit worst.
Drivers: Large crypto fund outflows (~$173M last week), thin liquidity, macro jitters. No major catalysts yet this week.
Weekly outlook:
Consolidation between $65k–$70k likely. Watch $70k resistance for any bounce (bullish if reclaimed). Break below $67k could retest $65k or lower. Upcoming economic data + any ETF flow reversals could swing it.
My take: Feels like post-capitulation chop — bad news priced in somewhat. Long-term holders: these dips historically reward patience. Short-term: stay nimble, size small.
Are you:
Share your plan or watchlist below! Let's navigate this red sea together 💪
#Bitcoin #CryptoRecap #WeeklyOutlook #BTCDip #Ethereum #BinanceSquare #CryptoNews #MarketAnalysis