$BTC 28/05 โ Breaching 75k, the market is a bit "sweaty" ๐
๐ฅ BTC is currently hovering around 74.2k after breaking down from the 75k level last night ๐
Sell pressure is ramping up while new money hasnโt flowed in enough to "support the price".
๐ฅ Notable points:
๐ธ Spot BTC ETF continues to see outflows โ institutions are quite defensive
โ ๏ธ Losing 75k triggers a wave of long futures liquidations
๐ The market is watching to see if Strategy slows down BTC purchases
๐ BTC Dominance remains high โ altcoins clearly weak
๐ฆ Despite the red market, many institutions are still building long-term stablecoins & tokenized assets
๐ Key levels to watch:
Near support: 73.5k โ 73.8k
Strong support: 72k โ 72.5k
Short-term resistance: 75k โ 75.5k
Strong resistance: 76.8k โ 78k
๐ Quick summary:
In the short term, the market is still quite "nervous" due to ETF outflows + macro pressure ๐ต
But in the long term, the narrative of institutions accumulating BTC hasnโt disappeared ๐
โ ๏ธ This post is just to update the market for fun ๐ Not a signal to catch the falling knife. If you read this and decide to "all-in" on luck, thenโฆ be ready for a long-term holding experience by default!
#Bitcoin #BTCUpdate #CryptoMarket #TradingStrategy #CryptoNewss
๐ฅ BTC is currently hovering around 74.2k after breaking down from the 75k level last night ๐
Sell pressure is ramping up while new money hasnโt flowed in enough to "support the price".
๐ฅ Notable points:
๐ธ Spot BTC ETF continues to see outflows โ institutions are quite defensive
โ ๏ธ Losing 75k triggers a wave of long futures liquidations
๐ The market is watching to see if Strategy slows down BTC purchases
๐ BTC Dominance remains high โ altcoins clearly weak
๐ฆ Despite the red market, many institutions are still building long-term stablecoins & tokenized assets
๐ Key levels to watch:
Near support: 73.5k โ 73.8k
Strong support: 72k โ 72.5k
Short-term resistance: 75k โ 75.5k
Strong resistance: 76.8k โ 78k
๐ Quick summary:
In the short term, the market is still quite "nervous" due to ETF outflows + macro pressure ๐ต
But in the long term, the narrative of institutions accumulating BTC hasnโt disappeared ๐
โ ๏ธ This post is just to update the market for fun ๐ Not a signal to catch the falling knife. If you read this and decide to "all-in" on luck, thenโฆ be ready for a long-term holding experience by default!
#Bitcoin #BTCUpdate #CryptoMarket #TradingStrategy #CryptoNewss