Something in the news just caught my attention.
Looks like $BTC has been trading in a super tight band, kinda stuck between $59,000 and $60,000 all week. Right now we're at $59190.26, barely moving.
This pattern is forming below support in a falling market, which isn't good. It echoes a calm stretch from 2024, but the context is totally different this time.
Ppl are saying a break from this range could open the way toward $40,000. That's a huge drop 📉.
$ETH is also sliding, currently at $1578.14. DeFi tokens got hit hard too.
So imho, we need to be really cautious here. The market looks pretty bearish if $BTC can't hold this level.
#BTC #Crypto #MarketOutlook #Bearish #Trading
Looks like $BTC has been trading in a super tight band, kinda stuck between $59,000 and $60,000 all week. Right now we're at $59190.26, barely moving.
This pattern is forming below support in a falling market, which isn't good. It echoes a calm stretch from 2024, but the context is totally different this time.
Ppl are saying a break from this range could open the way toward $40,000. That's a huge drop 📉.
$ETH is also sliding, currently at $1578.14. DeFi tokens got hit hard too.
So imho, we need to be really cautious here. The market looks pretty bearish if $BTC can't hold this level.
#BTC #Crypto #MarketOutlook #Bearish #Trading