🚨 BITCOIN FALLS TO $74,000 – THE CRYPTO MARKET ENTERS THE DANGER ZONE! 🩸
$MASK MASK COIN IS GETTING READY TO SOAR.
Bitcoin continues to face heavy selling pressure, at one point breaking below the $75,000 mark and touching around $74,762 during the November 6 session.
📉 What’s happening?
🔻 BTC fell more than 5% in a sharp downturn.
🔻 Ethereum and many altcoins also came under selling pressure.
🔻 Around $1.26 billion in derivatives positions were liquidated over 24 hours, mostly LONG positions.
🔻 U.S. tech stocks saw sharp volatility, dragging down sentiment in the crypto market.
⚠️ Price levels to watch:
* $74,000–$75,000: support zone to monitor.
* $72,500: next support level if BTC breaks below its recent low.
* $76,500: level BTC needs to reclaim to improve recovery signals.
🐋 Bottom-Fishing Whales’ take: Don’t rush to buy the dip just because Bitcoin has fallen sharply. With leverage still high, another downward move could trigger liquidations for many accounts.
💬 Do you think $74,000 is the short-term bottom, or could Bitcoin still fall to $70,000?
#Bitcoin #BTC #CryptoCrash #Altcoin #BottomFishingWhales
$MASK MASK COIN IS GETTING READY TO SOAR.
Bitcoin continues to face heavy selling pressure, at one point breaking below the $75,000 mark and touching around $74,762 during the November 6 session.
📉 What’s happening?
🔻 BTC fell more than 5% in a sharp downturn.
🔻 Ethereum and many altcoins also came under selling pressure.
🔻 Around $1.26 billion in derivatives positions were liquidated over 24 hours, mostly LONG positions.
🔻 U.S. tech stocks saw sharp volatility, dragging down sentiment in the crypto market.
⚠️ Price levels to watch:
* $74,000–$75,000: support zone to monitor.
* $72,500: next support level if BTC breaks below its recent low.
* $76,500: level BTC needs to reclaim to improve recovery signals.
🐋 Bottom-Fishing Whales’ take: Don’t rush to buy the dip just because Bitcoin has fallen sharply. With leverage still high, another downward move could trigger liquidations for many accounts.
💬 Do you think $74,000 is the short-term bottom, or could Bitcoin still fall to $70,000?
#Bitcoin #BTC #CryptoCrash #Altcoin #BottomFishingWhales
