๐จ MACRO PRESSURE HIT THE CRYPTO MARKET ๐โก
Bitcoin just took a sharp dump, dropping straight under the $83,000 level after reaching a local high near $87,000.
The sudden move came as the US 30-year Treasury yield surged past 5.7%, reaching its highest level since 2002. Rising yields and macro headwinds are putting heavy pressure on high-risk assets across the board.
Key levels currently being tested across major assets:
$BTC โ Testing key lower support after reaching a 24h low of $82,890$ETH โ Experiencing sharp correlation sell-off alongside broader markets ๐ $SOL โ High volatility zone as buyers attempt to defend key reaction levels โก
Do you think $82,800 will hold as short-term support, or are we sweeping lower liquidity before any bounce back upโ๏ธโ
Bitcoin just took a sharp dump, dropping straight under the $83,000 level after reaching a local high near $87,000.
The sudden move came as the US 30-year Treasury yield surged past 5.7%, reaching its highest level since 2002. Rising yields and macro headwinds are putting heavy pressure on high-risk assets across the board.
Key levels currently being tested across major assets:
$BTC โ Testing key lower support after reaching a 24h low of $82,890$ETH โ Experiencing sharp correlation sell-off alongside broader markets ๐ $SOL โ High volatility zone as buyers attempt to defend key reaction levels โก
Do you think $82,800 will hold as short-term support, or are we sweeping lower liquidity before any bounce back upโ๏ธโ