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The market has officially entered the "Extreme Fear" phase, triggered by negative developments involving major institutional players and exchanges.
💰 BITCOIN $BTC SITUATION
· Current Price: Bitcoin is trading near $66,500. · Performance: BTC has seen a decline of approximately 4% to 5% today. · Key Levels: Technically, $60,000 is a critical support level. If this level breaks, the price could drop to $50,000 $58,000 On the upside, strong resistance remains at $73,000.
💠 ETHEREUM $ETH ETH& ALTCOINS
· Ethereum: Ethereum remains under pressure, struggling around $1,950. · Solana (SOL): Solana has also seen a decline, although news of staking reward distributions from the TSOL ETF has provided some support.
📰 TOP NEWS TODAY (Market Movers)
1. Coinbase Losses: Major exchange Coinbase reported a $666 million loss in Q4, negatively impacting crypto stocks and overall market sentiment. 2. Standard Chartered Warning: The bank revised its yearly Bitcoin forecast downward from $150,000 to $100,000, fueling panic across the market. 3. ETF Outflows: Since the start of February, spot Bitcoin ETFs have seen approximately $318 million in outflows, signaling that large investors are currently staying on the sidelines.
📊 TRADING STRATEGY (Advice for Today)
· Exercise Patience: The market is highly volatile right now. Instead of rushing to "buy," wait for conditions to stabilize. · Watch Support Levels: The $58,000 $60,000 zone could offer a strong long-term entry point but never trade without a stop loss. · Take Profits: If you're in a short position, consider booking profits at current support levels.
💡 PRO TIP: When fear dominates the market, it’s often a time for "smart money" to accumulate but only for those with a long-term horizon.
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When people talk about blockchain, they often focus only on price. But real success comes from solving real problems. That’s why @Vanarchain stands out to me. Instead of hype, Vanar is building practical infrastructure for digital ownership, gaming, and scalable apps. With $VANRY the focus is on low fees, smooth performance, and real usability. #Vanar Do you Agree With me?
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