#NasdaqDowWeeklyGapWidestSinceJuly2002 đ Nasdaq-100 Drops 5.5% in a Week: What It Means for Bitcoin and Ethereum
The Nasdaq-100 just recorded its worst weekly performance in 18 months, driven by AI-stock fears, rising oil prices, and stubborn inflation.
But here's the interesting part đ
đ Market Snapshot:
Nasdaq-100: â5.5%
BTC: â1.2%
ETH: â2.6%
DeFi TVL: $89.3B, down from $96.2B
My take: Bitcoin is showing relative strength, while Ethereum remains weaker. However, a stronger dollar and hawkish Fed expectations could keep pressure on risk assets.
đŻ Key levels to watch:
BTC support: $79,800
BTC resistance: $84,200
ETH support: $2,325
ETH resistance: $2,575
I'm neutral to mildly bearish until the market confirms its next move.
What happens if Nasdaq drops another 2â3%? Will BTC hold strong or follow equities lower? đ
$BTC
$ETH
$NVDAB
The Nasdaq-100 just recorded its worst weekly performance in 18 months, driven by AI-stock fears, rising oil prices, and stubborn inflation.
But here's the interesting part đ
đ Market Snapshot:
Nasdaq-100: â5.5%
BTC: â1.2%
ETH: â2.6%
DeFi TVL: $89.3B, down from $96.2B
My take: Bitcoin is showing relative strength, while Ethereum remains weaker. However, a stronger dollar and hawkish Fed expectations could keep pressure on risk assets.
đŻ Key levels to watch:
BTC support: $79,800
BTC resistance: $84,200
ETH support: $2,325
ETH resistance: $2,575
I'm neutral to mildly bearish until the market confirms its next move.
What happens if Nasdaq drops another 2â3%? Will BTC hold strong or follow equities lower? đ
$BTC
$ETH
$NVDAB