M Prasannakumar

📉Why the Market is Bleeding Today? The latest US retail sales data just dropped, and it's below expectations. The immediate result? Significant pressure on $BTC (-2.83%) and $ETH (-2.86%), directly impacting our portfolios. What does this really mean for us? Weak Consumption = Economic Slowdown: When consumer spending falters, investors fear a recession and begin pulling capital from riskier assets like crypto. A Glimpse at the Fed: These numbers could influence the Federal Reserve's interest rate plans, pushing the market into a state of uncertainty and 'wait-and-see.' My Take: Don't panic over the red candles. These macroeconomic reports often create temporary noise. It's crucial to focus on the bigger picture while the 'whales' (as discussed in #WhaleDeRiskETH) use these moments to rebalance. Question to the Community: How do you react to "bad" news from the US – do you buy the dip, or are you waiting for lower levels? 👇 #USRetailSalesMissForecast $BTC