#bitcoinhitsthreemonthlow
📉 Bitcoin falls below 70K, hits a 3-month low: A "slap" from the Fed and the Middle East! 😅
Markets were deep in the red this morning as BTC dropped to $69,000, dragging ETH below $2K and wiping out over $1.3 billion in derivatives positions in 24 hours! The cause was the DXY surging to a 19-month high after news that US CPI had heated up again, fueling fears that the Fed will sharply raise interest rates in December, alongside escalating geopolitical tensions in the Middle East.
Fellow traders, don't rush to play the "hero catching a falling knife" or hold on to highly leveraged losing positions! Prioritize keeping cash on hand, scale in gradually if you want to accumulate for the long term, and wait for the market to find a new equilibrium.
⚠️ This is not financial advice.
👇 Click below to trade and support me: $BTC
$ETH
$AGT
#Bitcoin #CryptoMarket #BTC #Trading #MarketUpdate #VINHTOCDO
📉 Bitcoin falls below 70K, hits a 3-month low: A "slap" from the Fed and the Middle East! 😅
Markets were deep in the red this morning as BTC dropped to $69,000, dragging ETH below $2K and wiping out over $1.3 billion in derivatives positions in 24 hours! The cause was the DXY surging to a 19-month high after news that US CPI had heated up again, fueling fears that the Fed will sharply raise interest rates in December, alongside escalating geopolitical tensions in the Middle East.
Fellow traders, don't rush to play the "hero catching a falling knife" or hold on to highly leveraged losing positions! Prioritize keeping cash on hand, scale in gradually if you want to accumulate for the long term, and wait for the market to find a new equilibrium.
⚠️ This is not financial advice.
👇 Click below to trade and support me: $BTC
$ETH
$AGT
#Bitcoin #CryptoMarket #BTC #Trading #MarketUpdate #VINHTOCDO
