👀 $TAO IS DOWN — BUT I’M 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.
💥 BTC selloff
🛢️ Higher oil
📈 Rising yields
💵 Stronger dollar
📉 Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
I’d WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
🔥 $TAO dip — buy the weakness or wait for the reversal? 👇
#BinanceSquare #TAO
TAO is down around 5.5% in ~25H, mainly as macro pressure and a broad crypto leverage flush hit risk assets.
💥 BTC selloff
🛢️ Higher oil
📈 Rising yields
💵 Stronger dollar
📉 Risk-off sentiment
No major Bittensor-specific negative catalyst is driving this move.
I’d WAIT for confirmation rather than blindly buy the dip.
I want to see BTC stabilize + TAO hold/reclaim support + buyers return before getting interested.
🔥 $TAO dip — buy the weakness or wait for the reversal? 👇
#BinanceSquare #TAO