🔞📳 Breaking
whomever looking for the reason behind this sudden drop in the $BTC and the crypto market over all it's due to US Consumer Sentiment results .
The University of Michigan's consumer sentiment index fell nearly 10 points in May to 67.4, its lowest reading since November and the steepest fall in the survey in nearly three years.
Economists were expecting a more modest drop in the survey results.
Inflation continues to worry the public, with consumers again raising their expectations for future price increases.
❗to be noted that SP500 and and us dollar didn't got affected by the news that's why we v seen some pull back after the drop as the new comers to the crypto market is much more in comparison with conventional markets as crypto market having easier accessibility ... which is a good thing but the dark side that the lack of experience making the market easier to🔞 manipulate and more volatile .
* so nothing to worry no big deal just a little shake while we lack momentum already in the market it take time after the halving we might see sort of correction or u can say we are already in the previous correction we didn't quite over it over all on higher time frame we are solid bullish but at the moment expect visiting 58k support and we might Nesesrly visit the new comers entry area which is from 52k to 55k , swing trading at spot or scalping building a position with minimum leverage possible on future I'm talking below 5x would be profitable as well any way DOYR what works for others it might not for you .