Wall Street just dragged crypto down with it.
S&P 500 −3.3%, Nasdaq −5%, chip index −11%. Worst S&P day since the April 2025 tariff crash. Crypto followed: more than $1B liquidated in 24h, ~80%+ of it longs.
Why it broke:
• AI/chip selloff: AMD −13%, Micron −12%, Qualcomm −9–12% on a weak outlook, Nvidia −6–8%
• Midterm shock: Democrats take both chambers, putting AI data-center buildout under political risk
• Strong jobless claims (189K vs 196K est.) mean fewer Fed cuts
• Wednesday's squeeze pulled in late leveraged longs. Tonight they got flushed. BTC OI fell from $28B to under $26B
Gold +1.1% to $4,116. BTC didn't get the safe-haven bid; it traded tick-for-tick with Nasdaq.
$BTC ~$76,560 (−5.1%), low $75,558
$ETH ~$2,268 (−7%)
SOL −6.6%, DOGE −7.1%
BTC 4H (Wilder RSI 1D 39.5 / 4H 39.7):
S1 $75,558–75,735 | S2 $74,955–75,055
R1 $77,880–78,475 | R2 $80,230–80,960
Bearish if a 4H candle closes below $74,900. Bounce only counts after a 4H reclaim of $77.9–78.5K.
Next catalysts: US jobs Fri 6/11, CPI 10/11.
Do you buy the $75.5K retest, or wait for a 4H close back above $78.5K?
Not financial advice.
S&P 500 −3.3%, Nasdaq −5%, chip index −11%. Worst S&P day since the April 2025 tariff crash. Crypto followed: more than $1B liquidated in 24h, ~80%+ of it longs.
Why it broke:
• AI/chip selloff: AMD −13%, Micron −12%, Qualcomm −9–12% on a weak outlook, Nvidia −6–8%
• Midterm shock: Democrats take both chambers, putting AI data-center buildout under political risk
• Strong jobless claims (189K vs 196K est.) mean fewer Fed cuts
• Wednesday's squeeze pulled in late leveraged longs. Tonight they got flushed. BTC OI fell from $28B to under $26B
Gold +1.1% to $4,116. BTC didn't get the safe-haven bid; it traded tick-for-tick with Nasdaq.
$BTC ~$76,560 (−5.1%), low $75,558
$ETH ~$2,268 (−7%)
SOL −6.6%, DOGE −7.1%
BTC 4H (Wilder RSI 1D 39.5 / 4H 39.7):
S1 $75,558–75,735 | S2 $74,955–75,055
R1 $77,880–78,475 | R2 $80,230–80,960
Bearish if a 4H candle closes below $74,900. Bounce only counts after a 4H reclaim of $77.9–78.5K.
Next catalysts: US jobs Fri 6/11, CPI 10/11.
Do you buy the $75.5K retest, or wait for a 4H close back above $78.5K?
Not financial advice.
