$BTC lost its $105,000-$106,000 support zone again.
Yesterday, Bitcoin ETFs bought $530,000,000 in BTC, and yet Bitcoin dumped.
This shows that OG whales selling pressure is far higher than expected.
If bulls really want to bring BTC momentum, they need to reclaim the $108,000 level.
If this doesn't happen, BTC will drop below $100,000 again.
$BTC is pumping hard 🚀
CME gap has been filled.
US government shutdown will be over this week.
Bitcoin ETFs had their biggest single-day inflow in a month.
Is the worst over?
This is a WEEKLY rising wedge for Bitcoin
It is perfectly rational to accept we have a reasonable probability of filling the CME gap at $92k
It is perfectly rational to take into account we could retest previous cycle ATHs
I’m the biggest bitcoin bull (long term) but I refuse to sit here and play ‘ride the bull’.
There is NO NEW LIQUIDITY COMING INTO CRYPTO! It’s being circled from me to you to you to me like the chuckle brothers!
WAKE UP! DELUSIONAL BULLS.
- Wynn
$ETH failed to reclaim the $3,700 level and is now going down.
There's some strong support for Ethereum around $3,400 which could get retested.
In case ETH is able to reclaim the $3,700 level, it'll tap the $4,000-$4,100 liquidity zone.
🇺🇸 President Trump announced that he will distribute $2,000 tariff stimulus check. A dividend that will be paid to everyone.
The last time the US government distributed COVID stimulus checks, Bitcoin gave a 845% parabolic pump.
☠️ BITCOIN DEATH CROSS INCOMING
Death crosses occur when the 50 DMA crosses below 200
But it's not as bad as it sounds
Each BTC death cross this cycle has signaled a market low followed by a recovery rally
Another indicator to watch as Bitcoin attempts to form a local low 🔎