Biyond Daily: Now Holding Support
๐ BTC struggling to maintain Friday's momentum due to Israel-Lebanon tensions.
๐ข Double rejection at $65K suggests possible $62.8K retest this week.
โ ๏ธ Heavy liquidations possible down to $62.2K - technically concerning.
๐ Positive signs: Global BTC ETF net flows turning positive, slowing GBTC outflows.
๐ฐ FTX's $12.7B Q4 cash redistribution could boost crypto.
๐๏ธ Seasonal factors: October historically strong for BTC, pre-election positivity possible.
๐ Demark indicator: Daily closes above $64K could signal moves to $69K, then $78K.
๐ Key level: $63.5K. Closes above $64K may continue upward squeeze, trapping bears.
What's your take on these market dynamics? Will BTC hold support or retest lower levels?
#bitcoinโ๏ธ #CryptoMarketTrend #TradingAnalysis
๐ BTC struggling to maintain Friday's momentum due to Israel-Lebanon tensions.
๐ข Double rejection at $65K suggests possible $62.8K retest this week.
โ ๏ธ Heavy liquidations possible down to $62.2K - technically concerning.
๐ Positive signs: Global BTC ETF net flows turning positive, slowing GBTC outflows.
๐ฐ FTX's $12.7B Q4 cash redistribution could boost crypto.
๐๏ธ Seasonal factors: October historically strong for BTC, pre-election positivity possible.
๐ Demark indicator: Daily closes above $64K could signal moves to $69K, then $78K.
๐ Key level: $63.5K. Closes above $64K may continue upward squeeze, trapping bears.
What's your take on these market dynamics? Will BTC hold support or retest lower levels?
#bitcoinโ๏ธ #CryptoMarketTrend #TradingAnalysis