Market Update 🚨
BTC and ETH are under pressure, with Bitcoin trading around $112.5K (down 2-3%) and Ethereum dropping almost 7% to $4.1K. Long positions got liquidated, and most altcoins followed suit.
🗝️Key Levels to Watch:
- *BTC:* $110K support (if broken, $105K could be next) and $115K-$120K resistance
- *ETH:* $4K support and $4.4K-$4.5K resistance
🧐Whale Watch:
- Large whales (1,000+ BTC) are selling, while mid-size wallets (100-1,000 BTC) are accumulating at an average entry of $91.9K
Market Sentiment:
- Fear dominates after yesterday's liquidation wave
Short-Term Outlook:
- If BTC holds $110K, a bounce to $115K+ is possible 🚀
- Otherwise, $105K could be next
- ETH might reach $4.4K with momentum or dip below $4K
Stay Sharp! ⚠️ Market's choppy, and rate cut hopes are tempered by inflation data and stock market moves.
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