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PramodJ
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What do people like about Binance merchandise
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PramodJ
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#MarketPullback - Here’s the current snapshot of crypto markets: Crypto is undergoing a notable pullback. Whale Sell-Off Major trigger for flash crash and mass liquidations Profit-Taking Pullback followed quick gains post Powell’s remarks Macro Uncertainty Fed policy and rate cut timing remain unclear Technical Breakdown BTC below key indicators; ETH retracing from record highs Altcoin Rotation Capital shifting into Ethereum and select altcoins Long-Term Tech Outlook Mixed—some see this as a correction, others view it as warning My View - This is a corrective pullback, not necessarily a shift in the long-term trend. The technical breakdowns and liquidity events have rattled confidence, but institutional flows and on-chain metrics suggest underlying strength persists—especially if key technical supports hold. Short-term: Expect continued choppy volatility—potential further dips toward $108K–$105K for Bitcoin; $4,200 for Ethereum. Medium-long term: If Bitcoin holds critical support (e.g., 20-week EMA), renewed uptrends toward $150K remain technically plausible.
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