🚨 Bitcoin Alert: $84K Support Broken – Market in "Risk-Off" Mode! 📉
Bitcoin ($BTC) has significantly shifted its market structure after slipping below the crucial $84,000 weekly support level. The breakdown appears to be backed by heavy selling pressure and institutional caution.
Key Market Insights:
$1B ETF Bleed: Approximately $1 billion has flowed out of Spot ETFs, signaling that big players are de-risking rather than buying the dip.
Technical Breakdown: BTC is now drifting below the weekly EMA ribbon, and the RSI is rolling over, suggesting the previous bullish trend is losing steam.
Critical Levels to Watch:
Immediate Support: The $78,000 – $80,000 region is now the primary demand zone where we might see interest from buyers.
Major Resistance: BTC must reclaim the $88,000 – $90,000 band to restore long-term bullish strength.
The Verdict:
The upcoming weekly close is the real decider. A close back above $84,000 would signal a "fake-out," but staying below confirms structural damage and raises the odds of a deeper pullback. Stay cautious and manage your risk!
#CZAMAonBinanceSquare #USPPIJump #WhoIsNextFedChair #USIranStandoff #MarketCorrection
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