🔴 Heads up, folks! If $BTC stays below $59,600 for over an hour, brace for a potential drop to the next support level. 🔴

The ongoing correction is fueled by ETF buying pressure waning. BTC Spot ETF even hit negative levels, compounded by concerns over interest rates and the global economy. Next support could hover around $54,000.

Alts are taking a hit too, but staying long and seizing opportunities to buy the dip could pay off. Hang in there through the dump, and let's navigate this together! ✨ #BTC #BearishPhase #RedMarket