đ $TAO IS DOWN â BUT IâM NOT CALLING THIS A TAO BREAKDOWN YET.
TAO is down around 5.5% in ~25H, mainly as macro pressure and a broad crypto leverage flush hit risk assets.
đ„ BTC selloff
đąïž Higher oil
đ Rising yields
đ” Stronger dollar
đ Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
Iâd WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
đ„ $TAO dip â buy the weakness or wait for the reversal? đ
#BinanceSquare #TAO
TAO is down around 5.5% in ~25H, mainly as macro pressure and a broad crypto leverage flush hit risk assets.
đ„ BTC selloff
đąïž Higher oil
đ Rising yields
đ” Stronger dollar
đ Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
Iâd WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
đ„ $TAO dip â buy the weakness or wait for the reversal? đ
#BinanceSquare #TAO