Bitcoin Just Dropped $3,000 in Two Sessions
This post was originally published on this site
Friday I told you Bitcoin had broken $79,250 and the next move was lower. Today BTC is trading $76,900 — nearly $3,000 lower in two sessions — and the S&P 500 just printed its first real pullback since the April mega rally.
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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.
#Bitcoin #stocks #investing
0:00 – Importance of $79,250 Bitcoin level
1:02 – Bitcoin breaks below $79,250
2:14 – Short-term bounce attempt signals
4:01 – Hidden bearish evidence on 5-day chart
4:42 – 200 simple moving average analysis
5:01 – Stochastic momentum cratering down
5:20 – Fresh cross to downside on 3-day chart
6:10 – Short-term bearish outlook for Bitcoin
9:55 – Making money despite wrong positions
10:49 – Potential for Bitcoin to reach $100,000
12:51 – Anticipating pullback in SPY market
14:08 – Long-term Bitcoin accumulation strategy