Post
BTC hits 200K I change my name
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🚨WARNING:
THIS LOOKS ABSOLUTELY TERRIBLE
Bitcoin just closed below the 100 EMA on the weekly.
Last time this happened, $BTC dumped 58%.
{spot}(BTCUSDT)
Technicals look weak with BTC below that weekly 100 EMA, but the data does not show panic yet. BTC is at 78,374 with neutral funding and stable Open Interest. Whale positioning is mixed, meaning we are not seeing the aggressive shorting you would expect for a 58 percent dump just yet.
Critical levels to watch start at 78k. If that pivot breaks, 74k is next. The real decider is the macro schedule. US CPI tomorrow and NFP on Friday will likely determine if this break is a trap or a trend. Structure is bearish, but liquidity is waiting for those numbers.
THIS LOOKS ABSOLUTELY TERRIBLE
Bitcoin just closed below the 100 EMA on the weekly.
Last time this happened, $BTC dumped 58%.
{spot}(BTCUSDT)
Technicals look weak with BTC below that weekly 100 EMA, but the data does not show panic yet. BTC is at 78,374 with neutral funding and stable Open Interest. Whale positioning is mixed, meaning we are not seeing the aggressive shorting you would expect for a 58 percent dump just yet.
Critical levels to watch start at 78k. If that pivot breaks, 74k is next. The real decider is the macro schedule. US CPI tomorrow and NFP on Friday will likely determine if this break is a trap or a trend. Structure is bearish, but liquidity is waiting for those numbers.
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