🚨 Urgent Market Update 🚨
Guys If You Have Read My Previous Analysis You Would Have Been in a Better Position. $BTC is at a very critical level now and if you act fast, then you can recover from this big Dump. We saw a lot of liquidations today and the reason why the market is dumping plus what comes next is our topic for today... Let's Start🥂
✨ #BTC Price Action ✨
In a few hours we saw a major selloff as BTC dumped from 58K reaching as low as 53K. The Liquidations today were major as the fear and greed indicators hit as low as 29 which is close to the Max fear zone.
$110 million liquidated from the cryptocurrency market in the past 60 minutes...
Who is selling?
The German government sold BTC in addition to Mt. GOX which lead to fear within the big investors, causing BTC price to drop significantly.
🔥 What is Next For BTC & The Crypto Market 🔥
Simple and straight forward, the scenario is as follows and read this very well:
If BTC survives above $53,500 then we can see a slight recovery coming through, but if BTC dips below $53,500 and stays down then next level unfortunately will be 51K to $49K.
🌿 Altcoins 🌿
Most of the Altcoins are at very low levels as you can all see from your red portfolios:
$ETH is down to $2,850 with a 10% loss which is a price that we haven't seen since #ETH_ETFs_Approval_Predictions ...
$SOL at $125 had also a 7% Decline although it had a very positive run a couple of days ago because of the #VanEck_SOL_ETFS coming through.
Most Memecoins & Layers 1 & 2 are down a lot which is keeping the market in fear.
💥 Futures Trading Advice 💥
Stay on the sidelines and don't trade as you can get liquidated very fast, now is the right time to enjoy your weekend away from the market and try to survive the dip...
Don't forget to follow and like to get the latest & accurate market analysis🥂
I hope you all survived the dip 🙏🏻
