Bitcoin Breaking Down? Here’s What the Data Says
This post was originally published on this site
Monday we looked for Bitcoin to bounce off $76,000. It bounced and the higher timeframes just took over. The daily chart is signaling exhaustion, the weekly is rolling, gold is confirming it from the other side, and meanwhile the S&P and QQQ are quietly digging in for a higher low.
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ABOUT THIS CHANNEL
Eric Crown is a former NYSE ARCA options market maker with 15+ years of trading and investing experience. This channel delivers daily Bitcoin, macro, and cross-market analysis using a systematic five-layer framework. No hype. No shilling. Data-driven analysis with proof of trade.
This content is for educational purposes only. Not financial advice. Always do your own research. Do not trade on exchanges that prohibit trading from your region.
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0:00 – Bitcoin short-term bounce analysis
0:30 – Key technical reasons for the bounce
1:15 – Higher time frames suggest bearish outlook
3:00 – Market fundamentals affecting Bitcoin’s price
4:48 – Warning signal for Bitcoin rally
5:18 – Liquidation levels for longs and shorts
6:02 – Long-term outlook on Bitcoin’s price
8:50 – Higher low formation in market analysis
9:50 – Hidden bullish evidence in NASDAQ futures
10:16 – Anticipating major highs in Q4
10:54 – Key downside targets for Bitcoin
12:11 – Private group for long-term investors starting June 8th