$BTC Seeing $BTC drop and wondering what’s going on?
Here’s what I think might be causing it:
1. FOMC just dropped their update—rates are paused, but Powell’s tone stayed hawkish. Markets don’t love uncertainty, and crypto’s feeling it.
2. A lot of people probably took profits after that recent push up. Wouldn’t be surprised if sell orders stacked near resistance.
3. BTC broke a key support level, which likely triggered some stop-losses. That always adds extra pressure.
4. Broader macro fears—talk of inflation, recession, and all that—could be making investors play it safe.
5. And let’s be real, crypto liquidity isn’t the best during weird hours, so moves get exaggerated.
Not panicking, just observing. Will be watching closely for either a bounce setup or deeper correction.
#BTC #CryptoThoughts #BinanceSquare #Write2Earn #MarketMoves