Can't hold on any longer! $BTC has fallen below 67,000, with SOL leading the drop! Is 45,000 really coming?
Yesterday's candle looked like support, but it was really just an excuse to shake out long positions!
First, SOL is facing real selling pressure right now. This isn't about sentiment—holders are moving their coins out. Once a coin like this loses major support, there's no floor on the way down, so there's little doubt it will remain weak in the short term.
Now, Bitcoin. Yesterday's level was only minor support, so it's normal that it didn't hold. The real issue is the narrative: the quantum computing threat is now looming over it. The technological threat isn't fatal in the short term, but it's a slow poison for its valuation.
So the market structure is clear: there's no meaningful support below, and everyone above is underwater. Once it breaks below yesterday's low, it won't just drift down—it'll accelerate. In an extreme scenario, 45,000 needs to be on the table sooner rather than later.
Trading plan: Stay primarily short. No longs in the short term. If you're out of ideas, come to Brother Niu's chatroom!
#MANTRA因Keplr安全事件暂停解除质押7天 #美国PPI年率6.5%，低于预期或缓解BTC压力
Yesterday's candle looked like support, but it was really just an excuse to shake out long positions!
First, SOL is facing real selling pressure right now. This isn't about sentiment—holders are moving their coins out. Once a coin like this loses major support, there's no floor on the way down, so there's little doubt it will remain weak in the short term.
Now, Bitcoin. Yesterday's level was only minor support, so it's normal that it didn't hold. The real issue is the narrative: the quantum computing threat is now looming over it. The technological threat isn't fatal in the short term, but it's a slow poison for its valuation.
So the market structure is clear: there's no meaningful support below, and everyone above is underwater. Once it breaks below yesterday's low, it won't just drift down—it'll accelerate. In an extreme scenario, 45,000 needs to be on the table sooner rather than later.
Trading plan: Stay primarily short. No longs in the short term. If you're out of ideas, come to Brother Niu's chatroom!
#MANTRA因Keplr安全事件暂停解除质押7天 #美国PPI年率6.5%，低于预期或缓解BTC压力
