Panic again in the crypto market 🚨

Many liquidations, whales sending crypto from wallets to exchanges in a clear sign of selling and pessimistic market sentiment after Powell's statement about the possibility of not cutting interest rates in December.

It was a bucket of cold water, taking the momentum out of the exchanges as well.

But where can the knife stop falling? The strongest support is in the range of $102-104k.

The bear market zone (major downward trend) at this moment is at $98k.

If BTC shakes during these hours, altcoins do much more. Be very careful with leverage, both ways. Volatility has returned.

Buy the dip?

BTC

91,100.73

+0.66%