More than 50 million Cash App users have just been given direct access to aggregate via $SOL and $ETH through MoonPay, but is this flow of funds enough to pull the market through the macro storm?
Jack Dorsey’s expansion of support for altcoins is a major liquidity boost for everyday users. However, looking at the real trading chart, the price $BTC is currently paused at the 64,152.9 USD level (at the time of writing). Pressure from rising oil prices along with higher bond yields is directly threatening leveraged Long positions.
From a technical perspective, the 64,000 USD level of $BTC is a make-or-break support zone. If it breaks below this level, a broad liquidation wave could push altcoins like $SOL (currently 76.13 USD) to fall even deeper. On the other hand, a decisive breakout above the new resistance level would be a safer signal.
During this period of high volatility, I choose to stand aside and observe, reduce leverage, and strictly follow risk-management rules.
Bro, take a look at the chart of $BTC below to see how the buy/sell pressure looks! 👇
#Altcoin #Bitcoin #BTC #Solana #Crypto
Jack Dorsey’s expansion of support for altcoins is a major liquidity boost for everyday users. However, looking at the real trading chart, the price $BTC is currently paused at the 64,152.9 USD level (at the time of writing). Pressure from rising oil prices along with higher bond yields is directly threatening leveraged Long positions.
From a technical perspective, the 64,000 USD level of $BTC is a make-or-break support zone. If it breaks below this level, a broad liquidation wave could push altcoins like $SOL (currently 76.13 USD) to fall even deeper. On the other hand, a decisive breakout above the new resistance level would be a safer signal.
During this period of high volatility, I choose to stand aside and observe, reduce leverage, and strictly follow risk-management rules.
Bro, take a look at the chart of $BTC below to see how the buy/sell pressure looks! 👇
#Altcoin #Bitcoin #BTC #Solana #Crypto