#MarketSentimentToday are taking a beating. The #NASDAQ and other major indices are plunging, dragging #bitcoin lower as risk appetite evaporates.
Unfortunately, my key support level has failed, weakening Bitcoin’s short term structure and increasing the likelihood of a sweep toward $75,000.
Oil prices and Treasury yields are also declining, but these moves have yet to provide meaningful relief. The current selloff appears driven more by risk aversion and uncertainty than by changing macroeconomic fundamentals.
Nothing has fundamentally changed. What has changed is the probability of a deeper correction.
A dip below $75,000 could trigger liquidations and sweep liquidity before a potential recovery. However, losing that level decisively could open the door to further downside.
For now, patience matters more than prediction. I’m watching price action closely and waiting for buyers to prove they are back in control.
The market is testing conviction. Risk management comes first
