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MJaveed
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cancel the trade
MD NOOR7
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Bullish
Someone Tell Me? What To Do Now.
I'm Risk Free !? And Why This😭😭
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MJaveed
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#FOMCMeeting ## 🚨 Top Story: Mt. Gox Repayments Begin Causing Market Jitters This is the single biggest factor affecting Bitcoin's price right now. **What's Happening:** The defunct Mt. Gox exchange has officially begun repayments in Bitcoin and Bitcoin Cash to its creditors, marking the end of a decade-long wait. **Why It's Hot:** The rehabilitation trustee has started moving billions of dollars worth of BTC. There is a massive overhang of **~140,000 BTC** that could potentially be sold by creditors once they receive it, creating significant selling pressure on the market. **Market Impact:** This news has been a major contributor to the recent bearish sentiment and price drop, with BTC falling below $55,000. The market is anxiously watching to see how much of the distributed Bitcoin will be sold on the open market. ### 💸 Macro-Economic Pressure: Strong US Dollar & Fed Policy * **What's Happening:** The US Dollar Index (DXY) has hit multi-decade highs, and expectations for Federal Reserve interest rate cuts are being pushed further out. * **Why It's Hot:** A strong dollar and high-interest rates make risk-on assets like Bitcoin less attractive. Capital flows out of crypto and into safer, yield-bearing assets. This macro environment is creating a strong headwind for BTC's price, overshadowing some positive crypto-specific news. $BTC ### 📉 Market Sentiment and Price Action **Current Price:** Bitcoin is trading **down significantly** over the past week, hovering around **$54,000 - $57,000** after a steep correction from its recent highs above $70,000. * **Key Levels:** Traders are watching the **$56,000 - $58,000** zone as a critical support level. A break below could lead to a test of lower supports around $52,000. * **Liquidations:** The sharp move down has triggered over $1 billion in liquidations for leveraged long positions across the crypto market in the last 3 days, exacerbating the downward move. Disclaimer: This information is for informational purposes only and is not financial advice.
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then why is ur trade going in negative
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why everybody is trading in this coin making losses?
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better u hold some good meme coins that can u what u want but bttc is not possible
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