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Shocking! Powell’s statement causes BTC to crash, the reason for the plummet exposed! 200,000 in the cryptocurrency circle liquidated! Hands-on guide to mitigate losses, hurry and save it!
Hello everyone, I am Xi Ge! Today the cryptocurrency market is in turmoil again—Fed Chairman Powell made a big move, and with just one sentence, BTC plummeted instantly. Did you all get caught in it too? Don’t panic, let’s take a look at what’s happening, and I’ll share some practical strategies to mitigate your losses.
K-line Judge Analysis: Powell's 'Ultimate Weapon' triggers a cryptocurrency disaster, technical aspects worsen the situation!
Friends, this BTC crash is no small matter! To put it simply, last Friday, Fed Chairman Powell dropped some bad news: he said the US economy's path 'is unsustainable' (his exact words were 'the federal fiscal path of the US is unsustainable'). Although the US can still hold on to its debts, it will definitely crash in the long run. Once this was said, the entire market panicked—the US stock market crashed first, and the cryptocurrency market followed. Why? Because Bitcoin is akin to a close sibling of the US stock market: when the US stocks drop, everyone rushes to sell for safety, and BTC becomes the 'sacrificial lamb'.
K-line Judge Analysis: Powell's 'Ultimate Weapon' triggers a cryptocurrency disaster, technical aspects worsen the situation!
Friends, this BTC crash is no small matter! To put it simply, last Friday, Fed Chairman Powell dropped some bad news: he said the US economy's path 'is unsustainable' (his exact words were 'the federal fiscal path of the US is unsustainable'). Although the US can still hold on to its debts, it will definitely crash in the long run. Once this was said, the entire market panicked—the US stock market crashed first, and the cryptocurrency market followed. Why? Because Bitcoin is akin to a close sibling of the US stock market: when the US stocks drop, everyone rushes to sell for safety, and BTC becomes the 'sacrificial lamb'.
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