🗣️ Voice Of Crypto – Daily Market Report (July 12)
Crypto market is down ~0.85%—overall sentiment skewing bearish.
Bitcoin hovers near a critical support at $57,000, showing signs of rejection from the $59,800 range .
Ethereum struggling below resistance at $3,100–$3,200, with recent wick patterns indicating selling pressure .
Near Protocol (NEAR) rebounded off a descending trendline and held above ~$4.90—could rise further if bulls take control .
Maker (MKR) mirrors NEAR’s rebound; a breakout above ~$2,700 may lead it toward ~$3,234 .
Crypto liquidations surged: approximately $150 million wiped out in the past 24h—mainly impacting bullish positions (~$111 million) .
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🔍 Interpretation & Insights
Short-term market tone: Bearish, pressured by liquidations and resistance rejections.
Key levels to watch: $57k for Bitcoin, $3.1k for Ethereum—breaking below could intensify selling.
Mid-cap altcoins (NEAR, MKR) showing technical recovery—watch for momentum shift to confirm breakout potential.
#BTCBreaksATH #BinanceHODLerLA #SECETFApproval #Liquidations #BuyTheDip