Key Risks and Levels.
The previous cyclical soils matched Supply -in -Loss above 50% so the current reading suggests increasing pressure but not the extreme capitulation seen in previous lows.
You should monitor the nearby support at $65,000 and the resistance at $72,000; recovering $75,000-$80,000 would be necessary to resume a stronger bullish phase.
Heading to the Alsa near $100,000-$115,000
Depending on whether it recovers the zone between $75,000-$80,000
#BTC☀
#Binance
$BTC
The previous cyclical soils matched Supply -in -Loss above 50% so the current reading suggests increasing pressure but not the extreme capitulation seen in previous lows.
You should monitor the nearby support at $65,000 and the resistance at $72,000; recovering $75,000-$80,000 would be necessary to resume a stronger bullish phase.
Heading to the Alsa near $100,000-$115,000
Depending on whether it recovers the zone between $75,000-$80,000
#BTC☀
#Binance
$BTC