Bitcoin monthly MACD don turn bearish after BOJ yield shock, dollar strong and ETF dem dey comot funds
Bitcoin monthly MACD histogram turn negative after im heavy drop for November, showing say tecnical trend don go bearish wey normally dey come before long corrections. The sell-off get extra push because one macro shock — Japan 2-year yield spike raise chances say Bank of Japan fit tighten policy — plus stronger US dollar and higher funding costs during session wey no get much liquidity. Dat one cause large exchange liquidations (over $564m long positions for one session), wey cascade stop-losses and cause liquidity-driven fall. More pressure come from spot Bitcoin ETF outflows and rising US Treasury yields. Key technical supports: trendline of 2023–2024 higher lows near ~$84.5k, then April low round ~$74.5k and 2021 high near ~$70k; if dem break these levels e fit open deeper downside. Ethereum dey show weakening structure too (50-day SMA cross under 200-day SMA — “death cross”), meaning wider crypto weakness fit happen if Bitcoin fail key support. Analysts dey note extreme bearish positioning, which fit make big short squeeze happen if liquidity conditions change, but short-term risk dey point to higher downside volatility. Traders suppose watch: monthly MACD status, liquidity clusters above price (squeeze potential), ETF flows, Treasury yields, and the named support levels for stop-loss and entry planning.
Bearish
Di kombinɛshɔn we negative monthly MACD, sharp liquidity-driven sell-off wit big long liquidations, an bad macro factors (Japan yield spike, stronger dollar, higher Treasury yields) dey point to increased downside risk for Bitcoin. Technical supports for ~84.5k, ~74.5k an ~70k na di immediate levels to watch; if di trendline support break, e fit make deeper correction quick. ETF outflows an tighter funding conditions add sustained selling pressure, wey dey raise di chance sey price go fall more short-term. But, extreme bearish positioning fit raise di chance for short squeeze if liquidity conditions improve, fit cause sharp but short rebounds. For traders: expect higher volatility, prioritize risk management (tight stops or reduce size around key supports), an watch liquidity clusters an macro signals for reversal cues. Long-term, if macro stability return an ETF flows normalize, Bitcoin fit resume e trend, but current evidence support bearish bias till key supports hold.