The Market Correction: Are We at the Bottom? 📉
We are seeing a major red day across the board. The total crypto market cap has dropped, and Bitcoin is testing critical levels. But in crypto, corrections are just opportunities to re-balance..
Why This Correction is Happening:
🦅 Fed Hawk Outlook: Fear of "higher for longer" interest rates is sucking liquidity out of risk assets..
🚀 Profit Taking: After the massive run-up to the 2024 election, large holders are finally taking some chips off the table..
⚖️ Upcoming Events: Traders are de-risking ahead of major economic data releases next week..
🎯 The Play:
Support for $BTC is currently holding at $60,000. If this breaks, we could see a drop toward $58,000. Reclaiming $65,000 is the first sign of a reversal..
👇 How are you playing this correction?
🛒 Buying the dip! (Comment your price)
🛑 Waiting for $55K
💎 Just HODLing
