SEMICONDUCTOR INDEX CRASHES 5% -
$BTC ON ALERT 📉
The Philadelphia Semiconductor Index just dropped over 5%, hammering Micron (-8%), Intel (-7%), and Arm (-6%) in a single session. Historically, tech-led sell-offs correlate with crypto drawdowns.
This risk-off wave is hitting
$BTC at a critical liquidity zone near 60,000 on the 4H. Volume is accelerating, and the daily RSI is slipping below 40 for the first time since March. If this support fails, the next major bid sits around 57,500.
Is this the start of a broader correction or just a healthy shakeout?
Not financial advice. Always manage your risk.
#BTC #TechSellOff #RiskOff #MarketCorrelation ⚡