#Bitcoin dropped sharply after breaking the ascending channel.
As long positions increased in the market, there was a sharp sell-off. 1.7 billion dollars in liquidation occurred. Exchanges and big players turned this into a profit-making venture. In this regard, those who engage in leveraged trading have no chance at all.
However, the FED entering a rate cut cycle on the macroeconomic front will continue to support the crypto ecosystem in the upcoming process.
112K support. This support is below the main support of 107K. When we rise above 116K, upward momentum gains strength.
Those with cash in these regions can gradually buy bitcoin and #altcoin.
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#Bitcoin dropped sharply after breaking the ascending channel.
As long positions increased in the market, there was a sharp sell-off. 1.7 billion dollars in liquidation occurred. Exchanges and big players turned this into a profit-making venture. In this regard, those who engage in leveraged trading have no chance at all.
However, the FED entering a rate cut cycle on the macroeconomic front will continue to support the crypto ecosystem in the upcoming process.
112K support. This support is below the main support of 107K.
When we rise above 116K, upward momentum gains strength.
Those with cash in these regions can gradually buy bitcoin and #altcoin.
#BTC $BTC Quantfury