Let’s Break This Down, Folks — Here’s Why the Market Just Pulled Back:
🔻 Liquidity Hunt:
The market is currently flushing out both over-leveraged long and short positions. Classic shakeout move to clear the board.
⚠️ Trump vs. Elon Drama:
If you’ve been watching, there’s tension heating up between Trump and Elon. Elon’s been throwing some sharp criticism, and the market didn’t take it lightly — triggering some negative sentiment and reaction.
📉 Jobs Data Incoming:
At 8 PM UTC today, the jobs data drops. Analysts are expecting weaker numbers compared to last month — especially in unemployment — and the market seems to have already priced in the negativity with this dip.
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These are a few of the key reasons behind the recent pullback.
What’s your take? Drop your thoughts in the comments 👇