🚨 Wall Street takes a major hit!
U.S. stocks are facing heavy selling pressure, with the S&P 500 down 1.38% and the Nasdaq dropping 2.36%.
$NVDA , $SPCX , and $META have reportedly lost a combined $440B in market value, adding to the market-wide selloff.
The S&P 500 is also on track for its biggest single-day drop in over 3 months.
When stocks bleed this hard, crypto traders should keep an eye on risk sentiment too. 👀
#Bitcoin #StockMarket #Crypto #Nasdaq #NVDA
💫✨️ $BTC Loses Support — Short Term Rebound Before Another Drop?
Bitcoin surprised traders after breaking above $84,000 with strong momentum, only for the rally to reverse quickly as rising oil prices and weakness in U.S. equities pressured risk assets.
Technical Analysis
Bitcoin is now trading below the Support Zone($81,950-$82,960) and near the key $81,600 trading level.
I expect a short-term recovery toward $82,400 and the Cumulative Short Liquidation Leverage($82,580-$83,040).
However,...