$BTC is now testing the 200 EMA around $76.5K which could be the last major support for the bulls.

We also have a horizontal support at around $75.6K which is very close to the 200 EMA.

A daily close below this support area could confirm further downside momentum. And until then, a relief bounce from this area remains on the cards.
I'm keeping a close eye on this level. What do you think?” Will BTC hold the 200 EMA or will it go lower?

Let us know what you think in the comments.
DYOR, NFA

https://x.com/Cryptorphic1/status/2116526764428288173?a=_PB4PbpHIWcNOe4UlUo&s=20

$BTC Weekly Outlook

We have now closed four consecutive red weekly candles, with BTC currently trading around $78K.

The selling pressure is still visible, and the next important support sits around $72.8K. A further move toward this level looks possible if the current weakness continues.
Let's see how BTC reacts around this support. Will we get a bounce, or are we heading for another leg down?

What's your view on BTC? Share your thoughts in the comments and follow for more updates.

https://x.com/Cryptorphic1/status/2117150606238547994?a=8l9RrdyNlBEOFLmhJkk&s=20

https://www.tradingview.com/chart/UKOIL/eSsfS4ma-Brent-Crude-Oil-A-Potential-Tailwind-for-Crypto/

Dropping some important alpha for those who are genuinely interested in learning
Soon, people will start discussing the potential impact of this single chart on the crypto market.
I don't trade oil, but trust me, this chart is far more important than most people realise.
Take a few minutes to read, and let me know your thoughts in the comments.
Don't forget to hit the like button if you find it valuable.

Thank you.

#PEACE

$BTC Update

Looks like the 200 EMA around $76.5K is holding well for now. BTC tested this area, found buyers, and is currently trading back above it.
We also have horizontal support around $75.6K, which makes this an important support zone for the bulls.
If the daily candle manages to close green and hold above the 200 EMA, we could see a potential upside move toward $80K–$82K.

However, a daily close below the 200 EMA and $75.6K support could bring further downside pressure.
For now, I'm watching how this daily candle closes before making any major directional call.

What do you think? Will BTC hold this support and move higher, or are we heading lower? Share your views in the comments.

DYOR, NFA.

https://x.com/Cryptorphic1/status/2117864520840606021?a=DyT7wrV6cfrdiclnhzs&s=20

$BTC Well, I don't make the rules. Nailed it so far. 🎯
If you appreciate my updates and want to trade alongside me, join my circle using the exclusive Bitunix link below:
🔗 https://www.bitunix.com/register?vipCode=Cryptorphic

More updates coming soon. Stay tuned.
Cheers.

#BTC #Crypto

Always trust your charts.
Brent Crude started dumping shortly after the post, and the market is already reflecting the impact.

https://www.tradingview.com/x/zADSTmiX/

https://www.tradingview.com/chart/BTCUSDT/MGX06GIO-BTC-UPDATE-IS-THE-MACRO-BOTTOM-IN-YESS-HERE-S-WHY/

BTC Update

This is how the 4 Hour chart looks.

$ETH/BTC looks bottomed out on the daily. You know what it means for Altcoins.

https://x.com/Cryptorphic1/status/2119144751538840009?a=rjEpOHDmrOY2G_1TXLA&s=20

$BRENT Crude Oil: Broke down as expected and bounced right off the support; technically, it should print another Lower High followed by a Lower low.

#UKOIL

https://x.com/Cryptorphic1/status/2119536241050001462?a=OEI30_xdHN4I6S6t9TY&s=20

$BTC Weekly Update

BTC has closed five consecutive red candles on the weekly timeframe, showing continued selling pressure.

However, BTC is now trading around $74.7K, very close to an important horizontal support around $72.8K on the weekly timeframe.

This makes the current area interesting, as we could potentially see a relief bounce if this support holds.
Let's see how BTC reacts here and whether buyers manage to defend this level.

What's your opinion? Will BTC bounce from this support or continue moving lower? Share your views in the comments.
DYOR, NFA.

https://x.com/Cryptorphic1/status/2120037542003408991?a=uYuYKcV18j0EZyFzzp8&s=20

INFLATION IS STILL RUNNING HOT.

October CPI came in higher than expected, with headline inflation rising 0.4% MoM against expectations of 0.3%.

Core CPI also increased 0.3% MoM, above the 0.2% forecast.

This is not the kind of inflation data the Fed wants to see.

Hotter-than-expected inflation could keep pressure on the Fed to maintain higher interest rates for longer, potentially limiting upside for risk assets like Bitcoin and the broader crypto market.

The market needs to be cautious. The next moves will depend heavily on how the Fed responds.

$BTC This support must hold unless proven otherwise.

#Crypto
https://x.com/Cryptorphic1/status/2120198293389251044?a=OLSbEJ7RYa6USqwClJk&s=20

$BTC: This is the 200-week EMA, which I believe could hold into the upcoming weekly close. No hopium, just what I see on the charts. Historically, this EMA has marked major bottoms.

We could still see a wick lower, potentially towards $66,900, the level I pointed out last week.

Remember, nothing goes up forever, and nothing goes down forever either.

Both BTC and ETH are already in oversold territory across multiple timeframes.

Stay strong, stay patient, and most importantly, don’t pull the trigger unless you know exactly what you’re doing.

#Crypto


https://x.com/cryptorphic1/status/2121091427539247326?a=oCdJiP8fW7axXqDKBXM&s=46