Market Update - 9th November: What We Did Not Expect
Today is 9th November and market is doing exactly what I have noticed for last 1.5 years.
On 8th and 9th of every month, crypto market drops. I don't know why. No big news, no big reason. But price falls. Altcoins fall more than Bitcoin. I have seen this pattern again and again for 1.5 years.
Today, Bitcoin is at $74,218, down -1.6%, struggling below $76,000 resistance. Support is $74,920, then $73,175. Bitcoin ETF saw $1.28B outflows last week. Fifth straight red weekly close is coming.
Altcoins are dips again. NEAR -15%, BCH -13%, HYPE -12%, XLM -11% this week. ETH is at $2,139. SOL is at $85. Total altcoin market lost $200B. 70% altcoins are now below 200-day MA.
Is 8th-9th dip monthly expiry, salary cycle, or market maker trap? I don't know. But pattern is real.
Do not panic sell. Do your own research. Stay patient and strong.
#AISelloffHitsCrypto
#AIChipSlumpNasdaq
#9thNovember
#the9thdate
#CryptoPatience
$JCT
$AIOT
$PIEVERSE
@Eggtartcake
@首席操盘手
@klxmBobo
@NUTS_btc
@
Today is 9th November and market is doing exactly what I have noticed for last 1.5 years.
On 8th and 9th of every month, crypto market drops. I don't know why. No big news, no big reason. But price falls. Altcoins fall more than Bitcoin. I have seen this pattern again and again for 1.5 years.
Today, Bitcoin is at $74,218, down -1.6%, struggling below $76,000 resistance. Support is $74,920, then $73,175. Bitcoin ETF saw $1.28B outflows last week. Fifth straight red weekly close is coming.
Altcoins are dips again. NEAR -15%, BCH -13%, HYPE -12%, XLM -11% this week. ETH is at $2,139. SOL is at $85. Total altcoin market lost $200B. 70% altcoins are now below 200-day MA.
Is 8th-9th dip monthly expiry, salary cycle, or market maker trap? I don't know. But pattern is real.
Do not panic sell. Do your own research. Stay patient and strong.
#AISelloffHitsCrypto
#AIChipSlumpNasdaq
#9thNovember
#the9thdate
#CryptoPatience
$JCT
$AIOT
$PIEVERSE
@Eggtartcake
@首席操盘手
@klxmBobo
@NUTS_btc
@