Date: 2023-08-17T17:00:02Z Creator: Bitfolio Academy
Yesterday, the markets threw us a curveball and entered bearish territory, painting the town red with sell signals all around.
Bitcoin, which had been showing resilience by holding ground at the 29K level for weeks, had a swift stumble, dipping to $28,300 as its 29K shield crumbled. If BTC continues this perilous journey downward past 28K, brace yourselves as we could be hurtling towards the chilling $25,500 mark next.
Not to be outdone, Ether too had a shocking tumble, taking a swift nosedive to 1775. If Ether continues its slide and drops past 1725, the next line of defense stands stubbornly at 1610.
More delays from the SEC and escalating troubles brewing in China, together conspired to wage war against crypto.
Let me know in the comments. 🤔
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Sharing lessons on crypto as I try to minimize risks and shorten time horizons 📈
Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.
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