The U.S. House unexpectedly passes a crypto tax bill, and the Federal Reserve’s interest-rate decision is imminent—Big Cake plunges more than 3,400 points in a single day, directly breaking through the 76,500 “lifeline”!
Latest live market conditions are broadly weak: $BTC has slipped all the way from the intraday high of 79,600, now at 76,200, down over 3.1%; Ethereum $ETH has broken below the 2,450 support level and slid to 2,434; $SOL even fell through the 100 mark, retreating to 99.8.
With the macro “tightening spell” returning, the market’s wait-and-see mood ahead of the Fed decision was sparked into a frenzy by news of the bill. Leverage on the long side was concentrated and liquidations turned into a stampede. On the chart, 76,500 has now completely shifted from a strong support area into a rebound ceiling. As long as there is no institutional-scale net spot buying at the 76,000 round-number level, any slight rebound is standard “trap-and-sell” liquidity manipulation.
In this high-stakes macro showdown window, blindly catching falling knives against the trend often ends up getting killed halfway up the hill. Control your position size and leverage, and understand the true accumulation intentions of market makers in the 76,000 defense zone before taking action—this is the only rule for surviving the shakeout cycle.
#FedRateWatch #BTC reserve bill
Latest live market conditions are broadly weak: $BTC has slipped all the way from the intraday high of 79,600, now at 76,200, down over 3.1%; Ethereum $ETH has broken below the 2,450 support level and slid to 2,434; $SOL even fell through the 100 mark, retreating to 99.8.
With the macro “tightening spell” returning, the market’s wait-and-see mood ahead of the Fed decision was sparked into a frenzy by news of the bill. Leverage on the long side was concentrated and liquidations turned into a stampede. On the chart, 76,500 has now completely shifted from a strong support area into a rebound ceiling. As long as there is no institutional-scale net spot buying at the 76,000 round-number level, any slight rebound is standard “trap-and-sell” liquidity manipulation.
In this high-stakes macro showdown window, blindly catching falling knives against the trend often ends up getting killed halfway up the hill. Control your position size and leverage, and understand the true accumulation intentions of market makers in the 76,000 defense zone before taking action—this is the only rule for surviving the shakeout cycle.
#FedRateWatch #BTC reserve bill
