This week was already promised to be highly volatile, but it is overwhelming, with the markets being decimated by economic news.

The #BTC lost support around $88K (with yesterday's economic data) and quickly fell to the next support level in the $80K region. Apparently, with the $1B purchase from Tether, BTC only paused its decline, as the chart looks terrible and still does not give a clear BUY signal.

Today is Friday, it seems that the morale and psychology of traders are hanging by a thread, most are exhausted, which is understandable!

I don't have much to observe beyond the support itself and Bitcoin's dominance...

Keep the game simple and observe level by level, Bitcoin now has another problem, to recover support at $88K (notice that before it only needed to recover $98K for a broader recovery), with this additional difficulty added yesterday, Friday becomes a burden, as we have a long weekend ahead.

It is evident that the downward movement is completely exaggerated and there is nothing but panic behind this event, nothing was broken in Bitcoin, the fundamentals are all still there, the panic arising from the economic situation reflects across all markets and is disproportionate.

The panic is so out of reality that we are seeing completely abnormal things like sales of "traditionally older" assets, such as Gold and Silver. This is an abnormal movement, as in times of fear, more traditional investors rush to Gold (which did not happen here).

We all understand that liquidity stress, the macroeconomic situation, and restrictive financial conditions are behind the widespread panic, but gentlemen, calm down and stay lucid (no matter the market).

Today I will make several posts addressing the most important points we are facing, something to help people understand the moment.

I have received numerous messages from people who have "large amounts in Bitcoin and Altcoins" and are terrified. I will create a dynamic to respond to everyone!