đšđšAttention Alert đšđš
đš Bitcoin Breakdown: Bears Take Control!
Bitcoinâs indicators have officially entered bearish territory. Yesterday, the trend was still in the bullish zone, but the tide has turned, and fast. Hereâs an updated look at the key indicatorsâthis could be crucial information for your next move!
đ RSI: Bearish Signal
The RSI is now at 46, dropping below the critical 50 mark. This confirms a weak and bearish outlook for Bitcoin.
đ MACD: Strong Downward Bias
Bitcoinâs MACD has produced a bearish cross, as seen with the histogram turning red and pointing downward. The triple-top pattern strengthens the case for more downside ahead. Thereâs still plenty of room for prices to fall further, and this is particularly concerning at this point in the market.
đ„ Liquidations: $500M Wiped Out
Over $500 million in liquidations hit the market yesterday. Traders betting long with excessive leverage were caught off guard, losing it all. If youâre new, stick to 2-3X leverage or, better yet, trade without leverage until you gain experience.
đš More Liquidations on the Horizon
Brace yourself for another wave of liquidations, potentially even double what weâve seen so far. Stay safe, and remember, this isnât financial adviceâjust a word of caution.
đ Takeaway: The bears are in control, and the risk of lower prices is high. Stay vigilant and trade wisely!
#BinanceLaunchpoolHMSTR #BitwiseFilesXRPETF #EIGENonBinance #BTCUptober #BTCReboundsAfterFOMC
