🚨 WARNING: Cryptocurrency Market Alert 🚨
Bitcoin is currently experiencing a decline, possibly dropping below $62,000, indicating a potential downward trend.
🔼FTX News: Creditors will receive 118% reimbursement, but concerns linger regarding asset sales and fund distribution.
🔼ETF News: Inflows into ETFs were negative yesterday, signaling a less favorable market sentiment.
🔼Bitcoin Analysis: Bitcoin's trajectory suggests a descent towards support levels of $61,500 to $60,800. A strong response at these levels is crucial for maintaining positivity. A rebound from here could stabilize the market.
🔼Trading Advice: Exercise caution and await market confirmation before trading. Consider potential trades in cryptos like RUN, Athena, Tellor, Phoenix BB, Reserve Rights (RSR), and Luna 2.0, but only after confirming positive market direction.
