It goes without saying that this entry setup is invalidated.
Why? Because it no longer matters if the 1W candle closes back above $74.6k on Sunday, as we would have already created a long downside wick that would get filled later.
$BTC $PARTI BTC is moving as expected. It broke down the 70k-67k area and dropped another 15% from the last update. Currently, it is finding support at the weekly and daily demand zone of 61k-58k. If it holds, then we may see some pullback from this zone towards the 70k-67k area. But until it reclaims the 70k level, the overall bias would be bearish. $ZAMA We will try to keep updating accordingly !!!
$BTC Zooming out on the Weekly Chart I noticed $58k is also where the 200 Week MA is perfectly sitting. $ETH 🤔 That is probably where I would open up a long position if I wanted to take some risk. $SOL Just my Opinion and NOT Financial Advice of Course... 🥂 #ADPWatch
📉 Bitcoin Update! 🚨$BTC $C98 Bitcoin has dropped below $63,000 💔 Due to weak US job data and concerns in the AI industry, the market is a bit shaky ⚠️ 📊 According to the options market, there is only a 6% chance that BTC will touch $90K by March 😮 💬 Traders are currently cautious, but a comeback in crypto is always possible 🚀 Smart people see the dip as an opportunity 💎 👉 What do you think? Buy the dip or wait & watch? 👇🔥
🇺🇸 THE WHITE HOUSE HAS SHUT DOWN THE CRYPTO MARKET STRUCTURE BILL. $CHESS THE BILL AIMED TO BRING CLARITY AND LIMIT MANIPULATION ACROSS THE CRYPTO SPACE. $GIGGLE NOW THAT IT’S OFF THE TABLE, REGULATORY UNCERTAINTY GROWS — A CLEAR HEADWIND FOR BITCOIN AND THE ENTIRE MARKET.
BTC is moving as expected. As mentioned, until reclamation of the 84k level BTC is bearish and we are expecting it to reach lower levels. This is exactly what is happening now and BTC dropped another 8% from the last update. It is currently at the demand zone of 70k-67k. If the zone holds, then we may see some pullback from this zone but the overall scenario is still bearish until bullish reclamation.$GIGGLE
$BTC dropped below $73K and liquidated around $285M in less than an hour.
Price then bounced fast to $76K, clearing another ~$100M in liquidations. $ETH There is still liquidity sitting below $72K–$74K, so a retest of that zone is possible. $SOL On the upside, $78K–$82K has heavy liquidity and looks like the next major target.