The big drop can’t be stopped anymore!😱 The Fed’s protocols haven’t been released yet, but the market is already awash in blood. Yet those who believe in cycle theory think this is just another round of collecting coins from losing positions?🤔️
In September, the Fed will raise the rate to 3.75%-4%, and most in the protocol believe there could be another hike before the end of the year. As soon as expectations emerged, most long positions were liquidated!🤷
$BTC couldn’t hold at the 87,000 level and pulled back to 83,000, with the morning move around 82,900. The support zone at 82,000-83,000 is strong enough—if it holds, the price will remain in a sideways range. If it breaks, 80,000 is already close.
$ETH is even weaker: it fell to 2550, and now 2550 is short-term support; if it breaks, the decline will continue. It’s too well synchronized with Bitcoin. If Bitcoin is unstable, it’s difficult for Ethereum to rise on its own.
$SOL also dropped to around 115 and lost 2-3% over the day. It falls faster than Bitcoin and Ethereum, and the spot ETF has shown a small outflow for the third day in a row. If 114-115 doesn’t hold, the price may start testing lower support levels. Bitcoin has crashed, and altcoins are suffering even more!😩
In September, the Fed will raise the rate to 3.75%-4%, and most in the protocol believe there could be another hike before the end of the year. As soon as expectations emerged, most long positions were liquidated!🤷
$BTC couldn’t hold at the 87,000 level and pulled back to 83,000, with the morning move around 82,900. The support zone at 82,000-83,000 is strong enough—if it holds, the price will remain in a sideways range. If it breaks, 80,000 is already close.
$ETH is even weaker: it fell to 2550, and now 2550 is short-term support; if it breaks, the decline will continue. It’s too well synchronized with Bitcoin. If Bitcoin is unstable, it’s difficult for Ethereum to rise on its own.
$SOL also dropped to around 115 and lost 2-3% over the day. It falls faster than Bitcoin and Ethereum, and the spot ETF has shown a small outflow for the third day in a row. If 114-115 doesn’t hold, the price may start testing lower support levels. Bitcoin has crashed, and altcoins are suffering even more!😩