‼️ Buckle Up for Expected Market Moves! ‼️
⛔️ Don't Miss This Crucial Update! ⛔️
Yesterday's market took a hit, sending shockwaves through the crypto space, with stablecoins standing strong as the lone beacon of green.
Here's the breakdown:
Wave 1:
The market stumbled as it failed to breach the $73K-$74K range.
Wave 2:
We witnessed a plunge to $68,500, followed by a rollercoaster ride with lower lows and fleeting recoveries to $72,400.
Wave 3:
Another dip hit, this time to the $66,500 range, marking yet another low point.
Wave 4 (What to Expect):
Brace yourselves for a potential rally back to $69K-$70K, but keep an eye out for forming lower highs. If we can't break past $72,500, it might signal a downturn ahead.
USDC dominance sits at 1.22%, while USDT holds 4.12% of the pie.
Just days ago, stablecoin dominance hinted at impending turbulence and boy, did we feel it.
BTC volume has tapered off as prices climbed, hinting at a possible correction looming on the horizon.
What's on the Horizon:
Stay vigilant for further lower highs or CoCh confirmation to plot your next move.
Resistance:
🚨 $69,000-$70,000
Support:
🚨 $65,000
‼️ Remember, this isn't financial advice.
‼️ Always do your own research before diving into trades.
