MARKET UPDATE 📉
Crypto market is facing heavy selling pressure.
Total market cap is down to $2.14T, with BTC dominance at 60% and ETH dominance at 10%.
$BTC : Trading around $64K after dropping to $62K, its lowest level since July. Nearly $2B in liquidations, while spot ETFs continue to see major outflows.
$ETH : Trading around $1,753 after touching $1,711, also its lowest since July. Down around 21% this week.
DAILY OUTLOOK
Bitcoin is heading toward its sixth consecutive weekly loss after losing the 200-week moving average near $67.9K.
Fear & Greed is sitting at just 10, showing extreme fear across the market.
For now, $62K is the key support to watch, while $67.9K remains an important resistance.
The upcoming FOMC minutes on November 18 could bring more volatility.
Not the best market to chase pumps. Stay patient, protect your capital and wait for clearer signals. 👀
Crypto market is facing heavy selling pressure.
Total market cap is down to $2.14T, with BTC dominance at 60% and ETH dominance at 10%.
$BTC : Trading around $64K after dropping to $62K, its lowest level since July. Nearly $2B in liquidations, while spot ETFs continue to see major outflows.
$ETH : Trading around $1,753 after touching $1,711, also its lowest since July. Down around 21% this week.
DAILY OUTLOOK
Bitcoin is heading toward its sixth consecutive weekly loss after losing the 200-week moving average near $67.9K.
Fear & Greed is sitting at just 10, showing extreme fear across the market.
For now, $62K is the key support to watch, while $67.9K remains an important resistance.
The upcoming FOMC minutes on November 18 could bring more volatility.
Not the best market to chase pumps. Stay patient, protect your capital and wait for clearer signals. 👀
