Akshay Rana @0xsturdy - Twitter Profile

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4 months ago

The Hook: Is the floor finally in? $70k is the new battleground. 🩸📉 If you’re looking at your portfolio today, take a deep breath. Bitcoin has officially plunged below $71,000, hitting lows we haven't seen since early November 2024. We’ve wiped out over $500 billion in market cap this week alone, and nearly $1.7 billion in leveraged positions have been vaporized in the last 24 hours. Why the panic? It’s a "perfect storm" of macro uncertainty. The market is reeling from $272 million in ETF outflows, a partial U.S. government shutdown causing delays in key economic data, and the nomination of Kevin Warsh as Fed Chair, which has investors scrambling to safe-havens like gold. The Technical Roadmap: The Critical Support: We are currently battling to hold the $70,129 – $70,900 zone. Losing this could trigger an accelerated slide toward the next major demand level at $68,000 or even $65,000. The Recovery Trigger: To flip the narrative, we need to reclaim $74,434 on the daily chart. Once we flip that level back into support, the path back to $80k and beyond reopens. Sentiment Check: The Fear & Greed Index has tanked to 11 (Extreme Fear). Historically, this level of "blood in the streets" is exactly where long-term wealth is built while the "paper hands" exit. The Play: The smart money isn't panic-selling; they are waiting for the 4H candle to confirm buyer absorption at these levels. Don't be the exit liquidity—be the one who understands the math behind the move. Want to stop guessing and learn how these charts move? I’m opening up a few spots for my inner circle today. DM me here: https://t.co/8NJ6JdhY4M 🚀 #Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #TradingView #Web3 #BTCDump #MarketPanic

0xSturdy's tweet photo. The Hook: Is the floor finally in? $70k is the new battleground. 🩸📉
If you’re looking at your portfolio today, take a deep breath. Bitcoin has officially plunged below $71,000, hitting lows we haven't seen since early November 2024. We’ve wiped out over $500 billion in market cap this week alone, and nearly $1.7 billion in leveraged positions have been vaporized in the last 24 hours.

Why the panic? It’s a "perfect storm" of macro uncertainty. The market is reeling from $272 million in ETF outflows, a partial U.S. government shutdown causing delays in key economic data, and the nomination of Kevin Warsh as Fed Chair, which has investors scrambling to safe-havens like gold.

The Technical Roadmap:

The Critical Support: We are currently battling to hold the $70,129 – $70,900 zone. Losing this could trigger an accelerated slide toward the next major demand level at $68,000 or even $65,000.

The Recovery Trigger: To flip the narrative, we need to reclaim $74,434 on the daily chart. Once we flip that level back into support, the path back to $80k and beyond reopens.

Sentiment Check: The Fear & Greed Index has tanked to 11 (Extreme Fear). Historically, this level of "blood in the streets" is exactly where long-term wealth is built while the "paper hands" exit.

The Play: The smart money isn't panic-selling; they are waiting for the 4H candle to confirm buyer absorption at these levels. Don't be the exit liquidity—be the one who understands the math behind the move.

Want to stop guessing and learn how these charts move? I’m opening up a few spots for my inner circle today. DM me here: https://t.co/8NJ6JdhY4M 🚀

#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #TradingView #Web3 #BTCDump #MarketPanic

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Akshay Rana

@0xSturdy

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