๐ #MarketPullback โ Crypto prices are falling a little after going up a lot in July.
But donโt worry! This is normal. Prices often go down a bit before going up again.
๐น Whatโs Going On?
Bitcoin (BTC) went above $123,000, but now itโs around $114,700
Ethereum (ETH) also dropped to $3,650
Other coins like Solana, XRP, BNB, and Dogecoin are also down
Many people sold to take profit, which caused prices to fall
Over $630 million was lost in risky trades (called liquidations)
๐น Why Are Prices Falling?
After big gains, people often sell to get profit
Some traders borrowed money to trade. When prices fell, they were forced to sell
August is often a slow month for crypto โ this is normal from past years
๐น What Experts Are Saying:
A trader named Michaรซl van de Poppe says this is a healthy dip
He thinks itโs a good chance to buy before the next price jump
Bitcoin has strong support around $110Kโ$112k
If BTC goes above $120K again, it could rise to $124K or even $140K
๐น Things to Watch:
Can Ethereum stay above $3,600? Thatโs important
Are big investors still buying? (Check ETF news)
Keep an eye on US economy news, like inflation and trade deals โ they affect crypto too
๐น In Short:
๐ง Info ๐ฐ Value
BTC Now ~$114,700
ETH Now ~$3,650
Lost Trades $630 million in losses
BTC Support Area $110K to $112K
Market Feeling Calm, not scared
๐ฃ๏ธ What Can You Do?
This dip looks normal, not a crash.
Some people are using this time to buy more before prices go back up.
๐ What are you doing? Buying, selling, or waiting?
Comment below! โฌ๏ธ
#MarketPullback #CryptoNews #Bitcoin #Ethereum #BinanceSquare #BuyTheDip #CryptoUpdate