$BTC has already tapped the 1D LSOB. If price fails to bounce and shift direction around the $79.5K zone, the next major support sits near the $68K EMA200 on the weekly timeframe.
In my view, without a strong reaction here, a move toward that level becomes highly likely. Watching price action closely at this critical area.
Această configurație pare tehnic puternică după recentul declin al pieței. Corecțiile sănătoase ale pieței sunt necesare pentru a reseta momentum-ul și a construi fundația pentru următoarea mișcare ATH. Gestionează riscul corespunzător și evită supraîndatorarea.
📌 Tradează inteligent. Protecția capitalului vine pe primul loc.
📉 Market Recap: Crypto Market Slides as Selling Pressure Intensifies
Yesterday, the crypto market experienced a sharp downturn, with major assets moving lower as sellers took control across the board. Bitcoin, Ethereum, and most altcoins faced notable losses, reflecting increased market uncertainty and risk-off sentiment.
🔻 What Happened?
• Bitcoin Led the Decline
$BTC broke below key short-term support levels, triggering liquidations and stop-loss orders. This breakdown accelerated downside momentum and dragged the broader market lower.
• Altcoins Followed Suit
As Bitcoin weakened, capital rapidly flowed out of altcoins. High-beta assets and low-liquidity tokens were hit the hardest, with many posting double-digit intraday losses.
• Liquidations Spiked
The sudden move lower resulted in a surge of long liquidations, particularly in leveraged positions. This added fuel to the sell-off and amplified volatility.
📊 Market Sentiment
Fear returned quickly as traders shifted to capital preservation mode. Funding rates cooled, open interest declined, and volume spiked — all signs of short-term risk aversion. While pullbacks are normal in crypto, the speed of this move caught many participants off guard.
⚠️ What Traders Should Watch Next
• Major support zones for $BTC and $ETH
• Signs of selling exhaustion or bullish divergence
• Volume behavior near key levels
• Macro and news-driven catalysts
Patience is critical in these conditions. Avoid overleveraging, manage risk carefully, and wait for confirmation before entering new positions.
🧠 Final Thoughts
Market pullbacks are part of the crypto cycle. Strong hands survive by protecting capital first and chasing opportunity second. Let the market show direction before committing.