๐ BINANCE EVENING MARKET WATCH
The weekend started with a shake-up. ๐
โฟ BTC: ~ $77.4Kโ$78.5K
Bitcoin dropped more than 3% today as risk sentiment weakened. The key driver: a more hawkish tone around U.S. monetary policy after Jackson Hole.
โฆ๏ธ ETH: ~ $2.4K
Ethereum is also under pressure, down around 1โ3% depending on the quoted market.
๐ฐ BIG NEWS
โข U.S. spot Bitcoin ETFs saw about $201.9M in net outflows, ending a nine-day inflow streak.
โข A stronger USD and higher yields are adding pressure to risk assets.
โข BIS chief says stablecoins are not suitable as a large-scale payment system, while favoring tokenized deposits.
โข The crypto market is seeing a broader correction rather than a BTC-only move.
๐ฏ WHAT I'M WATCHING
BTC is sitting in a zone where chasing either direction can be dangerous.
If buyers reclaim the lost levels with volume โ recovery could develop.
If sellers continue controlling the structure โ another leg lower becomes possible.
For now, confirmation > prediction.
Don't let FOMO trade for you. ๐๐
#Binance #BinanceSquare #Trading
The weekend started with a shake-up. ๐
โฟ BTC: ~ $77.4Kโ$78.5K
Bitcoin dropped more than 3% today as risk sentiment weakened. The key driver: a more hawkish tone around U.S. monetary policy after Jackson Hole.
โฆ๏ธ ETH: ~ $2.4K
Ethereum is also under pressure, down around 1โ3% depending on the quoted market.
๐ฐ BIG NEWS
โข U.S. spot Bitcoin ETFs saw about $201.9M in net outflows, ending a nine-day inflow streak.
โข A stronger USD and higher yields are adding pressure to risk assets.
โข BIS chief says stablecoins are not suitable as a large-scale payment system, while favoring tokenized deposits.
โข The crypto market is seeing a broader correction rather than a BTC-only move.
๐ฏ WHAT I'M WATCHING
BTC is sitting in a zone where chasing either direction can be dangerous.
If buyers reclaim the lost levels with volume โ recovery could develop.
If sellers continue controlling the structure โ another leg lower becomes possible.
For now, confirmation > prediction.
Don't let FOMO trade for you. ๐๐
#Binance #BinanceSquare #Trading