Analysis of the drop $BTC $ETH $SOL June 18
· Bitcoin took a smooth yet sharp dive, dragging all the altcoins down with it, including Ethereum.
· The reason - US macro statistics (unemployment and #PMI ) came in better than expected. The economy is strong - #ФРС won't lower rates before fall. Crypto as a risk asset is getting liquidated.
· It was exacerbated by a lot of leverage at $72-73k, breaking support - stop losses and liquidations flew.
· Don't try to catch the bottom with leverage.
· In spot trading - just hold on, this is a correction, not the end of the bull run. #dyor
· Bitcoin took a smooth yet sharp dive, dragging all the altcoins down with it, including Ethereum.
· The reason - US macro statistics (unemployment and #PMI ) came in better than expected. The economy is strong - #ФРС won't lower rates before fall. Crypto as a risk asset is getting liquidated.
· It was exacerbated by a lot of leverage at $72-73k, breaking support - stop losses and liquidations flew.
· Don't try to catch the bottom with leverage.
· In spot trading - just hold on, this is a correction, not the end of the bull run. #dyor