🚨 $BTC JUST LOST $78K — HERE'S WHAT MATTERS NOW
Bitcoin is under pressure after a sharp move lower following hawkish comments from Fed Governor Kevin Warsh.
BTC dropped below $78,000, while the market also dealt with roughly $6.4B in Bitcoin options expiring.
But here's the important part:
A price drop alone doesn't tell us whether the trend has changed.
I'm watching 3 things:
1️⃣ Can $BTC reclaim $78K?
2️⃣ Does selling volume continue?
3️⃣ Do buyers defend the next major support zone?
If $78K becomes resistance, bulls have a problem.
If BTC quickly reclaims it, today's move could turn into another volatility event rather than a trend reversal.
Don't predict.
Watch confirmation.
$BTC
#bitcoin #BTC #crypto #BinanceSquare
Bitcoin is under pressure after a sharp move lower following hawkish comments from Fed Governor Kevin Warsh.
BTC dropped below $78,000, while the market also dealt with roughly $6.4B in Bitcoin options expiring.
But here's the important part:
A price drop alone doesn't tell us whether the trend has changed.
I'm watching 3 things:
1️⃣ Can $BTC reclaim $78K?
2️⃣ Does selling volume continue?
3️⃣ Do buyers defend the next major support zone?
If $78K becomes resistance, bulls have a problem.
If BTC quickly reclaims it, today's move could turn into another volatility event rather than a trend reversal.
Don't predict.
Watch confirmation.
$BTC
#bitcoin #BTC #crypto #BinanceSquare