🆘 #BTC MARKET UPDATE🆘
🍎 Here's the scoop: BTC's on a downward spiral - big holders and cues have been offloading in the past few weeks. Jobless claims are down, but ADP employment is weak. BTC RSI has sunk to oversold levels unseen since the $60k mark. Miners' transaction volume? At historic lows, indicating bull market exhaustion 📊
Market volatility is climbing, but global liquidity might offer a short reprieve. Despite a recent dip, the fear and greed index still sits at 70 - greed, and demand for BTC is still sky-high, echoing the massive buying in 2024 by ETFs and companies 🔥
Oh, and Fortune AI detected this recent dump perfectly, showing how sharp AI can be in this volatile market ⚡️
This correction is linked to the drop in stocks like Nvidia and Tesla. But there's hope - Senator Lummis is working on digital asset law reform. This could be the longest bull run yet, with $BTC BTC's correlation to stocks waning, which has been a bullish sign for crypto in the past. Keep your eyes peeled; could be a bumpy but rewarding ride 🤝🏻