1 day ago
3
Key Takeaways
- Miner inflows to Binance hit their highest level since February.
- The current cycle’s largest single-day liquidation event just occurred.
- BTC and ETH together absorbed over two thirds of total liquidations.
- RSI printed 18.33, the most oversold daily reading this cycle.
Bitcoin’s TradingView daily chart shows the intraday move broke below the Fibonacci 0.786 retracement level at $64,846, extending the decline toward $61,400 before buyers stepped in. The recovery to $63,799 at time of writing leaves price below the 0.786 Fibonacci level at $64,846, which has flipped to overhead resistance, with the Fibonacci 1.0 level at $59,948 as the next structural reference below current price.
Read Entire Article
English (US)