๐ $TAO IS DOWN โ BUT IโM 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.
๐ฅ BTC selloff
๐ข๏ธ Higher oil
๐ Rising yields
๐ต Stronger dollar
๐ Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
Iโd WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
๐ฅ $TAO dip โ buy the weakness or wait for the reversal? ๐
#BinanceSquare #TAO
TAO is down around 5.5% in ~25H, mainly as macro pressure and a broad crypto leverage flush hit risk assets.
๐ฅ BTC selloff
๐ข๏ธ Higher oil
๐ Rising yields
๐ต Stronger dollar
๐ Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
Iโd WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
๐ฅ $TAO dip โ buy the weakness or wait for the reversal? ๐
#BinanceSquare #TAO