📉 The crypto market is under heavy selling pressure.
* BTC: $75 625 (-5.6%)
* ETH: $2 228 — also down significantly.
* Market cap: $2.53 trillion (-5.6%).
* Fear & Greed: 31 — fear.
* RSI: 43.82 — weak momentum.
* MACD: -0.32 — negative signal.
⚠️ Liquidations: $1.19 billion, of which $1.05 billion were longs. This points to a mass closing of long positions and adds to pressure on the market.
Conclusion: Buyers have yet to show convincing strength. Despite possible short-term rebounds, the bears remain in control. A reversal would require BTC to climb back above nearby resistance levels and buying volume to recover.
* BTC: $75 625 (-5.6%)
* ETH: $2 228 — also down significantly.
* Market cap: $2.53 trillion (-5.6%).
* Fear & Greed: 31 — fear.
* RSI: 43.82 — weak momentum.
* MACD: -0.32 — negative signal.
⚠️ Liquidations: $1.19 billion, of which $1.05 billion were longs. This points to a mass closing of long positions and adds to pressure on the market.
Conclusion: Buyers have yet to show convincing strength. Despite possible short-term rebounds, the bears remain in control. A reversal would require BTC to climb back above nearby resistance levels and buying volume to recover.
