📉 Market Alert: $BTC Slumps Again 📉
Caution advised to traders, particularly with Sell Short Trades. Today marks the close of the weekly #BTC SPOT ETF Trading, witnessing a significant drop from $63K to around $60K, echoing concerns of ETF market manipulation raised earlier.
📊 BTC Price 📊
Initially on an upward trajectory, BTC touched $64K before succumbing to another SPOT ETF-induced selloff, anticipating a potential recovery post-ETF market closure.
🔄 Altcoins 🔄
In sync with BTC's plunge, most altcoins experienced rapid declines, notably meme coins like $PEPE and gaming coins, reflecting BTC dominance persisting over altcoins for two months. $SOL briefly rebounded to $147 before retracing.
⚠️ Futures Trading ⚠️
With market unpredictability prevailing, caution is advised against futures trading today. Opening a Sell Short Trade could prove risky, necessitating tight Stop Loss measures or adjusting Take Profit targets to mitigate losses. Prudence over greed is key in volatile markets.
Stay optimistic, and anticipate brighter days ahead. Follow for more insights and updates. #ETFvsBTC #buythedip #PEPE #SOL