Morning read after the overnight bleed.
$BTC sliced below 71K in the US session and is backtesting it into the EU open. Fear and Greed sits at 31 - the crowd is scared, not capitulating yet.
What I am actually watching: does 70K hold as the line, or does it flip to resistance? The Korean kimchi premium quietly turning into a discount tells me Asia is not the buyer here.
Are you treating this as the dip or the start of the slide?
#BitcoinDropsBelow$71000
$BTC sliced below 71K in the US session and is backtesting it into the EU open. Fear and Greed sits at 31 - the crowd is scared, not capitulating yet.
What I am actually watching: does 70K hold as the line, or does it flip to resistance? The Korean kimchi premium quietly turning into a discount tells me Asia is not the buyer here.
Are you treating this as the dip or the start of the slide?
#BitcoinDropsBelow$71000