$BTC opens the week at $72,834, $ETH slips back below $2K to $1,978. Fear & Greed at 34 – fear territory. $BTC dominance at 59.1%.
We're still trading right on the trend line, and a breakdown looks like the more likely scenario from here. $73,700 is the immediate level to defend – hold it and a relief rally is possible. Lose it, and $70K becomes the line in the sand.
On the upside, $78,000 remains a hard ceiling after rejection there last week.
One macro footnote: MicroStrategy confirmed its first Bitcoin sale since 2022 – just 32 $BTC to fund preferred stock distributions. Tiny in size, but the direction of the signal will get read carefully.
Recovery catalyst? Better macro data or a geopolitical breakthrough would help – but neither is on the calendar right now.
Where do you see BTC this week? 📊
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