Just glanced at the market: $BTC was quoted at 65522.7, with a low of 65039. Brother 800's liquidation price is only about 250 above it—honestly, that's basically right on top of it.
This isn't a normal pullback. The bulls have completely stopped trying to defend the market; this is what happens when sentiment collapses. In the past 24 hours, 800 million was liquidated across the entire market, with more than 160,000 people liquidated. The vast majority were long positions, going down in droves.
$ETH 1836.75, with a low of 1818. 1850 is long gone, and the 1800 level is wobbling too. When prices fall, it's more likely than $BTC to lose support first.
So my thinking right now is not to rush in. 65000 is a key level for $BTC ; if it breaks, looking down to 60000 is no exaggeration. Rate-hike expectations and bearish news have collided. Boss Ten advised Brother 800 to stay flat and wait; I think that's sound advice. This was posted 52 minutes ago, and the market was still moving.
This isn't a normal pullback. The bulls have completely stopped trying to defend the market; this is what happens when sentiment collapses. In the past 24 hours, 800 million was liquidated across the entire market, with more than 160,000 people liquidated. The vast majority were long positions, going down in droves.
$ETH 1836.75, with a low of 1818. 1850 is long gone, and the 1800 level is wobbling too. When prices fall, it's more likely than $BTC to lose support first.
So my thinking right now is not to rush in. 65000 is a key level for $BTC ; if it breaks, looking down to 60000 is no exaggeration. Rate-hike expectations and bearish news have collided. Boss Ten advised Brother 800 to stay flat and wait; I think that's sound advice. This was posted 52 minutes ago, and the market was still moving.