🚨 BTC MARKET ALERT: Bitcoin Dips Below $80K! 📉
Bitcoin has faced a sharp correction, currently trading around $78,000 - $79,500 after failing to hold the $80,000 support level.
🔍 Key Highlights:
The Dip: BTC is down approximately 7% over the last 24 hours.
Liquidations: Over $1.6B in long positions were wiped out as volatility spiked.
Why the drop? Market nerves surrounding the U.S. Fed leadership transition and geopolitical tensions at key oil ports are driving investors into "safe havens" like Gold.
📈 What to Watch:
Support: $75,800 is the next critical level to watch.
Opportunity? RSI is nearing oversold territory, suggesting a potential short-term bounce if buyers step in at these levels.
Manage your risk and stay sharp! 🛡️
