Top Reasons Behind Market Dump
1: 70k Resistance ( This was the strong resistance for BTC and there was huge liquidity for shorts & BTC graped it ).
2: Yesterday dump happen exactly after Iran Announced to attack on Israel early on Monday.
3: Generally August always remains a Bearish month in his beginning & Bullish in his ending & this year also happens the same.
There maybe further reasons like Japan stock exchange suffers worst losses since 1987 & same as Taiwan Exchange also suffers Worst losses since 1967 which make the traders panic to rise more selling in the market.
UPDATE:
BTC has dropped below 1D strong Support by hitting 49k But it bouncing back again & again from this zone indicating a weak volume by buyers.
There's is 11h left in 1D candle closing if in case this candle closed below 49k then BTC will made another Dump to it's next support near 43k otherwise BTC can rebound from this level.
Be Safe from the market.
