⚠️ BTC Battles $70K: Correction or Consolidation?
Bitcoin is showing resilience, hovering at $70,143 after a volatile weekend. While it’s up from last week’s $60K lows, the market remains on edge. 📉
The Quick Hits:
🐳 Institutions Still Buying: Strategy (MSTR) just added another 1,142 BTC to its massive stash.
📉 Deleveraging: Futures open interest has dropped from $19B to $16B, suggesting traders are playing it safe.
📊 Watch the Floor: Ethereum is testing the $2,000 psychological support. A break here could signal a broader altcoin slide.
Market Sentiment: "Wait-and-see." With the US Senate still debating the CLARITY Act, volatility is the only certainty.
What’s your move? 1️⃣ Buying the dip 🚀
2️⃣ Waiting for $65K ⏳
3️⃣ Shorting the resistance 🐻