#Bitcoin❗ has once again dropped below $65k, hitting a low of $64,190. The nearest key resistance zone is between $65,350 and $65,550. As long as we remain below this zone, there’s a chance we could test levels of $63k-$62k.
What’s interesting from the past week:
🫡 The net inflow into spot
#BTCETFs was +$1.106 billion (up from just +$397.2 million the week before).
🫡 The net inflow into spot
#ETHETFS increased to +$85 million (up from -$25.6 million the week prior).
• According to
#CryptoQuant , the average breakeven point for short-term
$BTC holders over the past 155 days is $63,000. This level may become a significant support.
What’s happening macro-wise this week?
• Today at 17:55 UTC time, Powell will speak at the National Association for Business Economics. Let’s wait and see if he scares us or cheers us up!
• On October 2 at 12:15, we’ll get employment data for the U.S. for September.
• On October 4 at 12:30, we'll see the unemployment figures and non-farm employment data.
💎
#BinanceLaunchpoolHMSTR