#BitcoinTwoMonthLowStocksHitATH
🚨 CRASH IN CRYPTO: BTC $66K, ETH $1,850 and BROKEN SUPPORTS
The market is bleeding. Let me update you with the current prices and what's coming up.
📉 Current Situation (June 2nd, afternoon)
Asset Price Change
BTC $66,380 -7% today
ETH $1,850 -10%
BNB $648 -8%
SOL $73 -11%
🔴 The supports that blew up
· BTC: Lost $70k, $69k, and $68k in succession. Now looking for a floor at **$64k-$65k**.
· ETH: $2,000 is in the rearview. Next support: **$1,700-$1,750**.
· BNB/SOL: The most battered. SOL flirting with $70**, BNB nearing **$600.
⚠️ Why is this happening?
1️⃣ Cascade liquidations: ~$800M in 24h, 70% were longs.
2️⃣ US-Iran tensions: Massive risk aversion.
3️⃣ Strategy sold BTC: First time since 2022, a strong psychological signal.
4️⃣ ETF outflows: Institutional capital on pause.
5️⃣ Rotation to stocks: The S&P 500 is at ATH while crypto falls.
🔮 What to expect?
Most likely scenario (70%): Consolidation between $64k and $67k for days. Bounces up to $68k-$69k may be bullish traps before further drops.
Downside risk (30%): If BTC doesn't reclaim $67,500 soon, the next destination is **$60k-$62k** (200-week EMA).
🧠 The hourly RSI is in extreme oversold → technically, there SHOULD be a bounce. But analysts warn: "Any recovery is suspicious, its sustainability is doubtful" without a positive macro catalyst.
💡 Strategy for today
· Traders: Wait. Don’t catch falling knives. Bounces are for selling, not buying.
· Holders: DCA in the zones of $64k, $60k, $58k. No leverage.
· Watch: If BTC closes the day below $66,500 → red Monday again.
The Fear Index is at 23 (Extreme Fear). Opportunity or does it keep falling?
What about you, are you buying or waiting?
👇
🚨 CRASH IN CRYPTO: BTC $66K, ETH $1,850 and BROKEN SUPPORTS
The market is bleeding. Let me update you with the current prices and what's coming up.
📉 Current Situation (June 2nd, afternoon)
Asset Price Change
BTC $66,380 -7% today
ETH $1,850 -10%
BNB $648 -8%
SOL $73 -11%
🔴 The supports that blew up
· BTC: Lost $70k, $69k, and $68k in succession. Now looking for a floor at **$64k-$65k**.
· ETH: $2,000 is in the rearview. Next support: **$1,700-$1,750**.
· BNB/SOL: The most battered. SOL flirting with $70**, BNB nearing **$600.
⚠️ Why is this happening?
1️⃣ Cascade liquidations: ~$800M in 24h, 70% were longs.
2️⃣ US-Iran tensions: Massive risk aversion.
3️⃣ Strategy sold BTC: First time since 2022, a strong psychological signal.
4️⃣ ETF outflows: Institutional capital on pause.
5️⃣ Rotation to stocks: The S&P 500 is at ATH while crypto falls.
🔮 What to expect?
Most likely scenario (70%): Consolidation between $64k and $67k for days. Bounces up to $68k-$69k may be bullish traps before further drops.
Downside risk (30%): If BTC doesn't reclaim $67,500 soon, the next destination is **$60k-$62k** (200-week EMA).
🧠 The hourly RSI is in extreme oversold → technically, there SHOULD be a bounce. But analysts warn: "Any recovery is suspicious, its sustainability is doubtful" without a positive macro catalyst.
💡 Strategy for today
· Traders: Wait. Don’t catch falling knives. Bounces are for selling, not buying.
· Holders: DCA in the zones of $64k, $60k, $58k. No leverage.
· Watch: If BTC closes the day below $66,500 → red Monday again.
The Fear Index is at 23 (Extreme Fear). Opportunity or does it keep falling?
What about you, are you buying or waiting?
👇