#BTC Drops3.4%To$77383
âđ„ BITCOIN SLIPS 3.4% TO $77,383: pullback or deeper correction?
âBitcoin dipped over 3% to touch the $77,300 region following hawkish Federal Reserve commentary at Jackson Hole, which sent US Dollar yields higher and sparked a wave of leveraged long liquidations. After testing local resistance near $81,000 earlier in the week, profit-taking took control. All eyes are now on the key $76,000â$77,000 support zone to see if spot buyers step in to hold the multi-week structure.
âMacro jitters around rate expectations are dictating short-term price action, making order flow and open interest resets crucial indicators to monitor over the weekend.
Don't rush to catch a falling knife on impulsive downside candles. Wait for price action to consolidate around support and show clear signs of absorption on lower timeframes before looking for long entries.
âđ CLICK BELOW TO TRADE: $BTC
ââ ïž NFA. DYOR. Manage your risk.
â#Bitcoin #BTC #cryptotrading #BÄ°NANCESQUARE
âđ„ BITCOIN SLIPS 3.4% TO $77,383: pullback or deeper correction?
âBitcoin dipped over 3% to touch the $77,300 region following hawkish Federal Reserve commentary at Jackson Hole, which sent US Dollar yields higher and sparked a wave of leveraged long liquidations. After testing local resistance near $81,000 earlier in the week, profit-taking took control. All eyes are now on the key $76,000â$77,000 support zone to see if spot buyers step in to hold the multi-week structure.
âMacro jitters around rate expectations are dictating short-term price action, making order flow and open interest resets crucial indicators to monitor over the weekend.
Don't rush to catch a falling knife on impulsive downside candles. Wait for price action to consolidate around support and show clear signs of absorption on lower timeframes before looking for long entries.
âđ CLICK BELOW TO TRADE: $BTC
ââ ïž NFA. DYOR. Manage your risk.
â#Bitcoin #BTC #cryptotrading #BÄ°NANCESQUARE
