#USChinaTradeTalks This has triggered significant volatility across the crypto market, with altcoins bearing the brunt of the correction.
🔻 Market Impact:
Bitcoin (BTC): Down 7.3%, currently around $93,800
Ethereum (ETH): Plunged 20%, near $2,500
Meme coins and Solana tokens: Dropped between 13% and 38%
Liquidations: Over $2.2 billion in the last 24 hours
⚠️ Technical Breakdown:
BTC: Testing key support at $95,000; a break below could send prices towards $85,000
ETH RSI: Showing oversold levels; watch $2,359 as crucial support
📌 Binance Trader Takeaway:
Use Stop-Loss orders to manage risks
Watch for potential rebounds at key support levels
Expect continued volatility until trade talks resume or macroeconomic clarity improves
🔗 For more details, check the Binance Market Reports.
⚠️ Not financial advice. Do your own research before trading.
BTCUSDT Perp: 105,237.1 (-2.93%)