Level Read #9 · Bitcoin, weekly Good morning everyone! Bitcoin is pulling back inside the run that started in July. The weekly chart shows where that read stops working. Level Read #8 is still live. It is wrong on any daily S&P close below 7,551.81 through Friday. Wednesday closed at 7,757.17, 205.36 points above it. The run went from the 57,700 low in the week of Jun 29 to the 87,300 high in the week of Sep 21. The common pullback levels on it: · bitcoin:native 80,300, the 23.6% level. The week of Oct 5 bottomed at 80,300. Last week traded down to 79,700 and closed back above, at 82,000 · 76,000, the 38.2% level. Three weekly lows from late August and early September sit just above it, at 76,600, 76,200 and 76,100. The week of Sep 14 traded under it, to 74,900, and closed at 81,100 · 72,500, half the run The weekly highs have come in lower three weeks running: 87,300, 87,100, 86,900, then 84,200. The weekly closes have fallen two weeks running, from 86,500 to 82,000. Registered: this read is wrong on a weekly close below 76,000 at the Sun Oct 25 8 PM close. That line sits 7.3% under Sunday’s close. In my weekly Bitcoin file since December 2020, a one week drop that size happened in about one week in eight, and a little less often since 2024. An ordinary bad week can reach it, which is the point. Graded Sunday at 8 PM, plainly, either way.