🚨 BITCOIN LOST $70K. HERE IS WHY.
The psychological barrier of $70,000 has been shattered. If you are wondering why the “Smart Money” is selling while retail is panicking, you need to understand the “Warsh Effect.”
With Kevin Warsh as the nominee, the market is pricing in a Hawkish Fed.
📉 Translation: The easy money printer is turning off.
Here is the Technical Damage:
1️⃣ ETF Outflows: The big institutions (BlackRock, etc.) are de-risking, not buying the dip yet.
2️⃣ Support Broken: $70k was the floor. It is now the ceiling.
3️⃣ The Danger Zone: We are looking at the 200 Weekly Moving Average around $68,000. If we lose that level, the momentum flips fully bearish.
❌ DO NOT CATCH A FALLING KNIFE.
Trying to guess the bottom right now is gambling, not trading. You need to wait for a confirmed reversal pattern.
Comment down below and let me know your thought
#bitcoin #cryptocrash #tradingpsychology #kevinwarsh #fed
With Kevin Warsh as the nominee, the market is pricing in a Hawkish Fed.
📉 Translation: The easy money printer is turning off.
Here is the Technical Damage:
1️⃣ ETF Outflows: The big institutions (BlackRock, etc.) are de-risking, not buying the dip yet.
2️⃣ Support Broken: $70k was the floor. It is now the ceiling.
3️⃣ The Danger Zone: We are looking at the 200 Weekly Moving Average around $68,000. If we lose that level, the momentum flips fully bearish.
❌ DO NOT CATCH A FALLING KNIFE.
Trying to guess the bottom right now is gambling, not trading. You need to wait for a confirmed reversal pattern.
Comment down below and let me know your thought
#bitcoin #cryptocrash #tradingpsychology #kevinwarsh #fed
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Nigel Chong 庄证评
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HH1000 : whos this dork? lol. jk
JHammer90 : it's not retail panicking and selling. Retail didn't even participate this cycle
74829420 : Hehe, talking nonsense. The bulls won't stop until the bears are exhausted, and the bears won't stop until the bulls are exhausted. This is the truth.
102493008 : It was never about Kevin Warsh. That's just a fake narrative and excuse
Casino of Crypto : 45k
10baggerbamm : looks like it's $70,300 right now you might want to revise your video just saying