$BTC Analysis .
Lower highs are forming.
EMAs are rolling bearish on the short term.
Volume is light. Volume is 1,737 against MAs of 2,010 and 2,464.
Volume is below average.
The decline is orderly. Sellers are not panicking.
Buyers are not stepping in.
Price is drifting lower on weak demand. That can accelerate quickly if the 99 EMA breaks.
The decline is a drift, not a panic.
The market is de-risking ahead of the Fed and GDP data this week.
Short entry near 76,600.
Stop above 77,500.
Target 75,800 and 74,700.
Tighten stops into the news. If the data surprises dovish, the short thesis reverses fast.
BTCUSDT
Perp
76,271.7
-0.74%
#BTC #ArthurHayes’LatestSpeech #BinanceLaunchesGoldvs.BTCTradingCompetition
DAM
Alpha
0.026621
-49.74%