Yesterday’s CPI data had a really big impact.
One bearish data release sent BTC down nearly $4,000 and ETH down nearly $200.
As for the altcoins, they were all tumbling hard. Fish Bro went long at 2415 and got stopped out at 2380 around noon. Luckily, the price bounced back, so he quickly cut his losses and got out.
Right now, the overall market’s rebound is weak and lacks volume. Most likely, we’ll see a small V-shaped bounce before prices continue falling. BTC has strong support around 80,000, and ETH around 2,300. But ETH has broken below its trading range, so it could fall further, possibly to around 2,000.
I’m staying out of all trades for now, with a bias toward shorting at higher levels!
I just saw that $SOL is holding an event in Shanghai. Have they set up an operations center there? They’re getting pretty big!
One bearish data release sent BTC down nearly $4,000 and ETH down nearly $200.
As for the altcoins, they were all tumbling hard. Fish Bro went long at 2415 and got stopped out at 2380 around noon. Luckily, the price bounced back, so he quickly cut his losses and got out.
Right now, the overall market’s rebound is weak and lacks volume. Most likely, we’ll see a small V-shaped bounce before prices continue falling. BTC has strong support around 80,000, and ETH around 2,300. But ETH has broken below its trading range, so it could fall further, possibly to around 2,000.
I’m staying out of all trades for now, with a bias toward shorting at higher levels!
I just saw that $SOL is holding an event in Shanghai. Have they set up an operations center there? They’re getting pretty big!