$BTC
BTCUSDT
Perp
65,396.3
-3.16%
Broken supports are a significant concern, and closing below them for two days is considered a negative signal for the market in general, and this is the reason for the current red color.
📉 Reasons for the decline in brief:
1️⃣ Strength of the dollar after the Federal news and pressure on risky assets.
2️⃣ Decline of metals and the transfer of selling pressure to crypto.
3️⃣ Liquidation of long positions after breaking support increased the speed of the drop.
📌 Currently, eyes are on the $80,000 area as important support.
Will we see a rebound? Or a test of lower levels?