📉 $BTC under pressure: the market is testing a key support
The crypto market is down about 1.6% over 24h. $BTC is trading around $83,000, right on the support zone $82,500–$83,000.
Why it’s falling:
* The Fed raised its rates on September 16, and another hike in October is increasingly expected
* The 10-year US yield is near its highest levels since 2007
* Over $200 M$ long positions liquidated in 24h
Altcoins are following:
$BNB ≈ 761 · $SOL ≈ 118 · $SUI ≈ 1.18
To watch:
_Keeping the $82,500–$83,000 $ range support on $BTC
_The PCE inflation figure for September 30, which could reignite the market or push it lower
In times of high volatility, the most important thing is to stick to your stop-loss and limit the size of your positions.
And you, are you buying the pullback or waiting for confirmation? 👇
The crypto market is down about 1.6% over 24h. $BTC is trading around $83,000, right on the support zone $82,500–$83,000.
Why it’s falling:
* The Fed raised its rates on September 16, and another hike in October is increasingly expected
* The 10-year US yield is near its highest levels since 2007
* Over $200 M$ long positions liquidated in 24h
Altcoins are following:
$BNB ≈ 761 · $SOL ≈ 118 · $SUI ≈ 1.18
To watch:
_Keeping the $82,500–$83,000 $ range support on $BTC
_The PCE inflation figure for September 30, which could reignite the market or push it lower
In times of high volatility, the most important thing is to stick to your stop-loss and limit the size of your positions.
And you, are you buying the pullback or waiting for confirmation? 👇