Post

Zoom out on $BTC daily and the picture gets less friendly. That vertical run in late August from 62K to 82K happened in about five days. Nothing built underneath it. Since then, three weeks of lower highs and no real progress. Price is now under the 10 and 20 day MAs, and the 21 EMA at 76.9K is the last thing holding it up. Fast moves usually get retraced fast. Lose 76.8K on a daily close and I think this fills back toward 70K. Am I being too bearish here? #BTCSpotETF450MOutflow