Δημοσίευση
Panda Traders
·
--
1B out of ETFs as Bitcoin 84k Support .Does the Weekly close stay above 80k?
Bitcoin’s loss of the $84K level comes alongside a heavy ~$1B bleed from spot ETFs, a clear sign of cautious, risk-off positioning rather than impulsive selling. The breakdown slices through a previously reliable weekly support, shifting the structure into a visibly fragile state.
Technically, $84K now stands as a vulnerable flip zone. Price is drifting below the weekly EMA ribbon, momentum is cooling, and the weekly RSI is gently rolling over from stretched levels all signs of a tired trend. Selling volume has expanded with the move, reinforcing that this isn’t a hollow breakdown.
Below current price, the $80K–$78K region remains a dense, high-interest demand pocket formed during prior consolidation. Above, $88K–$90K is the heavy resistance band that must be reclaimed to restore strength.
The weekly close is the real verdict: A close back above $84K would signal a shallow deviation and failed breakdown. A close below confirms structural damage and raises the odds of a deeper pullback.
For now, the tape feels unstable and reactive. Direction is decided at the weekly close, not in the noise between candles.
$BTC $XRP $BNB
{future}(BTCUSDT)
#MarketCorrection #USIranStandoff #FedHoldsRates #USPPIJump
Technically, $84K now stands as a vulnerable flip zone. Price is drifting below the weekly EMA ribbon, momentum is cooling, and the weekly RSI is gently rolling over from stretched levels all signs of a tired trend. Selling volume has expanded with the move, reinforcing that this isn’t a hollow breakdown.
Below current price, the $80K–$78K region remains a dense, high-interest demand pocket formed during prior consolidation. Above, $88K–$90K is the heavy resistance band that must be reclaimed to restore strength.
The weekly close is the real verdict: A close back above $84K would signal a shallow deviation and failed breakdown. A close below confirms structural damage and raises the odds of a deeper pullback.
For now, the tape feels unstable and reactive. Direction is decided at the weekly close, not in the noise between candles.
$BTC $XRP $BNB
{future}(BTCUSDT)
#MarketCorrection #USIranStandoff #FedHoldsRates #USPPIJump
Αποποίηση ευθυνών: Περιλαμβάνει γνώμες τρίτων. Δεν είναι οικονομική συμβουλή. Ενδέχεται να περιλαμβάνει χορηγούμενο περιεχόμενο. Δείτε τους Όρους και προϋποθέσεις.