📈 BTC MARKET UPDATE: THE "HORMUZ" DIP 📈
The charts don't lie. $BTC just got rejected hard at the 21-week EMA ($78,900). Combined with the Strait of Hormuz geopolitical noise, we’ve seen $260M in liquidations over 24h. 💀
We are currently sitting at $74,000. This is the "make or break" zone. If this holds, it's a healthy reset for the next leg up. If it snaps? We’re looking at a CME gap fill much lower.
📊 KEY LEVELS:
✅ Support: $73,500 - $74,200
❌ Resistance: $78,900 (The Wall)
I'm watching the RSI for a hidden bullish divergence on the 1D. Smart money is buying the fear, but the "retard strength" hasn't kicked back in yet. Don't over-leverage here!
👇 QUESTION:
Is $74k the bottom or are we heading to $70k?
Follow @Imran Khan Dahri for daily 5x gems 🚀
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