#BTC Drops3.4%To$77383
🔥 BITCOIN SLIPS 3.4% TO $77,383: pullback or deeper correction?
Bitcoin dipped over 3% to touch the $77,300 region following hawkish Federal Reserve commentary at Jackson Hole, which sent US Dollar yields higher and sparked a wave of leveraged long liquidations. After testing local resistance near $81,000 earlier in the week, profit-taking took control. All eyes are now on the key $76,000–$77,000 support zone to see if spot buyers step in to hold the multi-week structure.
Macro jitters around rate expectations are dictating short-term price action, making order flow and open interest resets crucial indicators to monitor over the weekend.
Don't rush to catch a falling knife on impulsive downside candles. Wait for price action to consolidate around support and show clear signs of absorption on lower timeframes before looking for long entries.
👇 CLICK BELOW TO TRADE: $BTC
⚠️ NFA. DYOR. Manage your risk.
#Bitcoin #BTC #cryptotrading #BİNANCESQUARE
🔥 BITCOIN SLIPS 3.4% TO $77,383: pullback or deeper correction?
Bitcoin dipped over 3% to touch the $77,300 region following hawkish Federal Reserve commentary at Jackson Hole, which sent US Dollar yields higher and sparked a wave of leveraged long liquidations. After testing local resistance near $81,000 earlier in the week, profit-taking took control. All eyes are now on the key $76,000–$77,000 support zone to see if spot buyers step in to hold the multi-week structure.
Macro jitters around rate expectations are dictating short-term price action, making order flow and open interest resets crucial indicators to monitor over the weekend.
Don't rush to catch a falling knife on impulsive downside candles. Wait for price action to consolidate around support and show clear signs of absorption on lower timeframes before looking for long entries.
👇 CLICK BELOW TO TRADE: $BTC
⚠️ NFA. DYOR. Manage your risk.
#Bitcoin #BTC #cryptotrading #BİNANCESQUARE
