Bitcoin traders just got hit with a wave of turbulence. $BTC price plunged by over 4%, wiping out more than $4,000 in value within hours. What’s causing the chaos? A mix of U.S. job data, market manipulation, and shattered support levels. Let’s break it down. 👇

BTC Falls Below $98K After JOLTS Report 📉
The trigger? The U.S. Job Openings and Labor Turnover Survey (JOLTS) showed a surprising surge in hiring. This unexpectedly strong labor market data had ripple effects across the financial ecosystem.

Matt Cowart, a well-known trader and YouTuber, didn’t hold back on X (formerly Twitter):
“Market catalyzed lower on JOLTS rising… but a rising JOLTS means one thing — JOB CREATION. Excited to let the market fall today and back into longs tomorrow.”
Bitcoin bulls might need to take a breather. BTC/USD dipped under $98,000, erasing the snap gains from the previous day. Ouch. 😬

The Spoofing Game: What’s Happening? 🎭

According to Material Indicators co-founder Keith Alan, the dramatic price drop had more to do with “spoofing” than just macroeconomic data. Spoofing is a shady practice where large traders manipulate liquidity on order books to fake demand or supply.
Alan called it out, saying:

“Spoofs are annoying, but they do tend to facilitate some predictable price action for Bitcoin.”
This time, those liquidity blocks vanished like smoke, leaving BTC support to crumble. The result? Bitcoin couldn’t hold its ground.

Liquidations Hit $30M in an Hour 🚨
As Bitcoin slid, late long positions were obliterated. Monitoring site CoinGlass confirmed that over $30 million worth of long positions were liquidated in just one hour.

Traders like Skew highlighted the aftermath:
“Late long BTC positions have been wiped out.”
The carnage didn’t stop there. Analyst Rekt Capital warned of continued volatility, stating:
“A daily close above $101,165 is needed to confirm a successful retest.”

Bearish Predictions Loom Large 🐻
With the $100,000 mark under threat, bearish scenarios are creeping back into the picture. Some traders are revisiting the ominous “head and shoulders” pattern that could signal deeper corrections.
Popular trader Cheds Trading expressed doubts about Bitcoin’s recent momentum, saying:
“$BTC daily now working on a throwback to broken LH/Right shoulder invalidation zone.”
Meanwhile, analyst Justin Bennett had an even starker warning:
“Lose this support, and BTC probably tests those $92K lows.”

What’s Next for Bitcoin? 🤔
The market is at a critical juncture. All eyes are on Bitcoin’s ability to hold key support levels, like the 50-day simple moving average (SMA). Traders are bracing for more volatility, with the bulls hoping for a quick recovery and bears gearing up for further dips.
For now, buckle up. It’s going to be a bumpy ride in crypto land. 🚀 or 📉? Only time will tell.

#Spoofing #alert #btc92k #nextdip #SMA

New figures have revealed people were scammed out of £612m through investment fraud last year, with criminals now using famous faces to gain trust.
Ann Jensen, from Salisbury in Wiltshire, fell victim to a fake investment opportunity she thought was being promoted by Prime Minister Sir Keir Starmer.
Once the fraudsters had persuaded Ms Jensen to take out a £20,000 loan to prove her financial fluidity, she never heard from them again.
She described the realisation she had been scammed as having a "physical reaction" as though her "body had gone to liquid.

Investment scammers trick people into thinking they are putting their money into a financial scheme that will grow, such as cryptocurrency, when they are just taking off with their cash.
Ms Jensen told BBC Morning Live how she got hooked on one of these fraudulent schemes after scammers used deepfake technology to mimic the Prime Minister.
“It was Keir Starmer talking about the benefit of this wonderful investment opportunity," she said.
"That if you put in £200 you could start to make money on crypto trading. I clicked on it.”
The fraudsters convinced Ms Jensen her initial investment had grown to more than £2,500 and persuaded her to take out a loan to prove she had enough funds to make more cryptocurrency, assuring her she would get this money back.
But once the cooling-off period for the loan had passed Ms Jensen could no longer get in contact with the fraudsters.

“[The shock] was a physical sensation," she said.
"It felt as though my whole body had gone to liquid or air."
Ms Jensen's bank said that she is liable for the loans and she owes them £23,000.
She has agreed to pay it back in instalments for the next 27 years.
“I never actually admitted to feeling stupid, because I don’t believe I am," she said.
"But I do believe I was a victim of a crime, and I hadn’t actually processed that until afterwards. It’s tainted me for life.”
Spotting a scam
Dr Jan Collie, an expert in cybersecurity at The Open University, explained how the criminals are hooking people in with artificial intelligence (AI).
"When it’s someone as well-known as Keir Starmer, there’s lots of video that exists of him," she said.
"They throw it into the AI engine and it learns his mannerisms, facial expressions and then it can clone the voice.
"People are more inclined to believe personalities, it feels more comfortable and seems more real.”
Dr Collie advised there are certain things to look for when spotting one of these cons, such as pixelation and unrealistic or mismatched movements.
#fraud #alert #scam
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