$BTC BTC Smashes Below 79k: Is a Huge Crash is coming 📉.
The crypto market is currently facing a significant red week, with Bitcoin (BTC) plunging from its recent highs to around 79k & below mark. This move has wiped out billions in liquidations 😔 and left many traders asking: What just happened?
→ Looking at the chart, BTC is currently testing a critical psychological level.
• Immediate Support: The 78,000 - 79,000 zone is acting as a temporary floor. If this fails, I'm so sad while saying this but yes, the next major stop could be near the 74,500 previous year April low 💔.
• Sentiment: The Fear & Greed Index has tanked.
→💡 What Should You Do: Avoid Revenge Trading: Don’t try to get back at the market. High volatility means high risk.
• Watch the Daily Closes: A strong recovery back above 82k would signal a fakeout, but staying below 80k suggests we might see more sideways or downward action.
• Spot is King: In markets like this, leverage is a huge gamble. Patient spot holders usually win the long game. Hit one like 👍🏻 for my little hardwork, it motivates me alot.
#USGovShutdown #PreciousMetalsTurbulence #MarketCorrection #FedHoldsRates #ALPHA