#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.