$BTC

BTC

70,568.01

+1.76%

at $77K: A "Whale Trap" or the Final Dip Before the $90K Breakout? 📉🚀

Analysis:
Bitcoin is currently trading near $77,234. We’ve seen significant ETF outflows ($272M recently), but BlackRock’s IBIT continues to buy the dip. Technically, BTC is testing its 100-day EMA. Historically, when RSI hits the "Hope-Fear" zone (0.19 NUPL), we see a sharp trend reversal. This looks like a classic liquidity hunt to flush out high-leverage longs before a move toward $88,000.

Entry Zone: $75,500 – $77,500

Target 1: $84,500 (Immediate Resistance)

Target 2: $92,000 (Bullish Confirmation)

Stop Loss: $73,800

Sentiment: Neutral/Fear (Historically a high-reward entry point).

CTA: Are you HODLing through this volatility or waiting for $70k? Let me know your move! #BTC #BitcoinAnalysis #Write2Earn