CryptosBatman

This is the most important Bitcoin level of the entire cycle.
$BTC is testing the exact macro trendline that has marked every major cycle bottom.
If bulls defends this level, the next leg higher could be next.

Heads up.
We've got numerous volatile releases coming up this week.
Labor market, growth, and Fed Chair Warsh's speech.
A soft print is favorable, as it closes the room for the Fed to hike rates, given the economy is showing signs of deterioration.
Watch out, $BTC.

$SOL is testing the most important level on the chart. A reclaim of the 200 EMA could trigger the next leg toward $80.

$ETH just defended its most important macro support. The range is still intact.
If buyers keep this level the next major move could be higher.

$BTC just tapped a key institutional buy zone. If buyers defend this level the move could catch everyone off guard.

Good night from Boston. It's been a great day. Time to head back home tomorrow.

This is going to be a big tail risk for risky assets.
JP Morgan estimates $165 billion in equity outflows next quarter.
That's the biggest quarterly outflow in the past 4 years.
From the asset manager perspective, this is an act of rebalancing.
As their equity holdings experience massive gains from the stock market rallying, their exposure increases.
So they scale things down, bringing their composition back to a normal level across other asset classes like bonds.
The problem is, an outflow this big will hit not just the equity market, but also Bitcoin, as a risk-off sentiment play.

Another $400 million in Bitcoin outflows in the past couple of days.
Making the past 30 days the worst performing month in $BTC ETF history.
No wonder we're seeing this massive selling pressure on $BTC.

Bitcoin head and shoulders is nearing completion.
$BTC has printed a textbook distribution structure with the Head at $67.5K and a lower right shoulder rejection around $65K.
Price is now threatening the neckline and a confirmed breakdown opens the door for a measured move toward the $57K region.

The USDT dominance chart appears to be on track to continue its bullish trend.
Just like the last rally, it has turned the previous resistance into a strong support.
Now, it seems to be doing it again.
Not looking good for $BTC, considering the two tend to move inversely.

This is a global wipeout.
$N225 ↓
$KOSPI ↓
$NDX ↓
$BTC ↓
$GOLD ↓
Everything is correlated now. Fear is dominating the market.

This is one of the worst selling pressures we've seen from Bitcoin ETF giants.
Up to $4 billion in $BTC outflows in just the past month.
For context, outflows in the last quarter were only $3 billion.

Unfortunately, Bitcoin's forming a clean bearish flag pattern.
The volatile pump-dump we saw in the past 24 hours seems to be a heavy rejection from the previous bullish trendline.
Based on the 1,618 fib. extention, $60,2K sits as the closest target for $BTC.