🚨 BITCOIN JUST LOST $71,000 bitcoin:native just hit its lowest level since August 20 after slipping under the 200-day SMA at $73,100 and the 20-week SMA at $73,600. Zoom out and nothing on the higher-timeframe structure has broken yet. Price is still inside the $76K–$65K zone where the right shoulder higher low needs to form on the inverse head and shoulders. If that moving-average stack stays lost on the 1D-1W closes, $69,781–$65,299 is the lower part of the zone where I'd expect the stronger reaction. Reclaiming the 50-week MA at $75,584 and the 77K-80K zone is what shifts momentum back up. Headlines create wicks. 1D-1W closes decide the trend. 🤝🫡
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