█ STRUCTURE
BTC dropped from $69,000 to $66,435 — a $2,500 decline that took it back below EMA200 (cyan ~$67,516). SHORT/Below/Bearish.
The chart shows the pattern clearly: the rally from $64,800 built bullish structure with multiple BoS and MSS labels. But price couldn't hold above $69,000, and the reversal was swift. Bearish BoS now printing on the way down.
An MSS↑ candidate has appeared near the bottom — the structure is testing whether buyers can regroup here.
EQL labels are visible near $67,800 — sell-side liquidity sitting below, which has now been swept on the way down.
█ KEY LEVELS
█ WHAT TO WATCH
BTC is correlated with gold's move today — both lost EMA200 simultaneously. A recovery in gold above $4,666 would likely pull BTC back above $67,500. Conversely, if gold breaks $4,600, BTC could revisit the $65,000 zone.
Not financial advice. For educational purposes only.
BTC dropped from $69,000 to $66,435 — a $2,500 decline that took it back below EMA200 (cyan ~$67,516). SHORT/Below/Bearish.
The chart shows the pattern clearly: the rally from $64,800 built bullish structure with multiple BoS and MSS labels. But price couldn't hold above $69,000, and the reversal was swift. Bearish BoS now printing on the way down.
An MSS↑ candidate has appeared near the bottom — the structure is testing whether buyers can regroup here.
EQL labels are visible near $67,800 — sell-side liquidity sitting below, which has now been swept on the way down.
█ KEY LEVELS
- Resistance: $67,500 (EMA200)
- Resistance: $68,000-68,200 (recent BoS zone)
- Support: $66,400 (current level)
- Below: $66,000 / $65,800
█ WHAT TO WATCH
BTC is correlated with gold's move today — both lost EMA200 simultaneously. A recovery in gold above $4,666 would likely pull BTC back above $67,500. Conversely, if gold breaks $4,600, BTC could revisit the $65,000 zone.
Not financial advice. For educational purposes only.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
🏆 Founding Member pricing — first 20 subscribers only
Lock in 60% discount for life.
whop.com/smartflow-indicators/smartflow-pro/
Lock in 60% discount for life.
whop.com/smartflow-indicators/smartflow-pro/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.