Just brushed against the extremely sensitive psychological level of 80k, $BTC then suddenly reversed and dumped at 78.735 USD (down 2.14% in 24h) after the cold shower from Jackson Hole.
The Fed Chair Kevin Warsh’s cautious remarks on inflation directly hit the easing expectations of major funds. Cheap capital is not yet ready to return, causing the Long side to immediately switch to defense, increasing selling pressure $BTC .
This pullback brings the price close to the 78k support, and further toward the hard support zone at 75k. For futures, rather than trying to guess the bottom, I prioritize observing how price reacts at these levels to protect your account.
For you guys, is this $BTC move a trap to accumulate inventory, or the start of a deeper correction cycle? Discuss with me below! 👇
#BTC #Crypto #Đầutư #Analysis
The Fed Chair Kevin Warsh’s cautious remarks on inflation directly hit the easing expectations of major funds. Cheap capital is not yet ready to return, causing the Long side to immediately switch to defense, increasing selling pressure $BTC .
This pullback brings the price close to the 78k support, and further toward the hard support zone at 75k. For futures, rather than trying to guess the bottom, I prioritize observing how price reacts at these levels to protect your account.
For you guys, is this $BTC move a trap to accumulate inventory, or the start of a deeper correction cycle? Discuss with me below! 👇
#BTC #Crypto #Đầutư #Analysis
