#MarketPullback 🔻MarketPullback — What’s Triggering the Dip?
📉 Global Crypto Sentiment Turns Cautious After a strong July, the first day of August opened red across the board. BTC & ETH both pulled back from key resistance, and altcoins followed suit — leading to nearly $480M in liquidations over 48h.
📰 Latest News Triggering the Drop:
FOMC Dovish but Unclear: Despite soft tone, Powell left rate hikes open if inflation resurges.
US Treasury Yield Spike: Bond yields are climbing → risk-off mood in global markets.
Asia Opens Weak: Nikkei and Hang Seng fell sharply, adding to crypto FUD.
ETF Rotation: Whale rotation seen from mid-cap alts to BTC + stables (on-chain trend).
Macro Jitters: China stimulus slow → weakening investor risk appetite.
📊 Key Levels to Watch:
BTC: $28,600 (support) / $30,200 (resistance)
ETH: $1,785 critical zone
$SOL /$AVAX /$PEPE : Showing deeper pullbacks—20-30% off local highs
💡 Trader Strategy:
Don’t chase red candles.
Spot DCA for BTC/ETH near local supports
High leverage = high risk in chop zone
Focus on macro hedge narratives (e.g., AI, RWAs, Stables)
🚨This pullback may be short-term cooling before new catalysts — or a larger rotation. Watch macro data and whale wallets closely.
#CryptoMarketCrash #WhaleMoves #FOMCFear #AltcoinLiquidation
