🚨 Market Crash Alert: Is the Drop a Deep Correction or an Opportunity?
$BTC has fallen below a critical support level of $90,000, with major altcoins following, leading to a massive wave of long liquidations. Over \text{\$300M} in leveraged bets have been wiped out recently—a classic leverage flush-out.
📉 Key Levels to Watch:
Bitcoin (BTC):
Old Support (Now Resistance): \$90,954
New Critical Support: Traders are eyeing the \$85,500 to \$87,000 Fibonacci region. A bounce here is crucial. If this fails, the next major support is near the October low of \$80,659.
Ethereum (ETH):
Key Multi-Year Support: \$2,850
ETH is showing relative strength if it holds this key zone. Watch for a rejection or a strong rebound at this price.
🤔 Why the Sudden Drop?
Macro Jitters: Fears that central banks (like the Bank of Japan) might hike rates, combined with renewed global economic uncertainty, are driving "risk-off" sentiment across all markets, including crypto.
Leverage Flush: The market was overheated with leveraged long positions. This correction is a necessary, painful mechanism to reset funding rates and reduce excessive risk.
What are your moves? Are you buying the dip or waiting for confirmation? 👇
#BTC☀️ #CryptoVolatility #MarketAnalysis #altcoins #BinanceSquare
