๐ Bitcoin below $70,000 โ the market at a key point
๐ BTC has broken the $70k mark, increasing pressure on the entire market.
Less than 17% remains until the weekly MA200.
โ ๏ธ This is not just a line on the chart.
Historically, it is the area of the MA200 on weekly charts where:
โ bear markets ended
โ capitulation of weak hands occurred
โ a base was formed for the new cycle
๐ง The market is approaching this boundary again:
either long-term demand will appear here,
or we are waiting for a final accumulation of pain.
๐ Such zones are not about emotions.
They are about patience, risk management, and a cool head.
โธป
๐ Subscribe if you want to understand where the market breaks and where it turns around.
BTCUSDT
Perp
67,747.7
+1.59%