😏 Good news for Bitcoin, not really for Crypto though

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(Edited)

92k support is intact

What a bloodbath tonight! The whole market is selling off like crazy, most coins with a double digit drawdown. Bitcoin has fallen below the 100k mark. HIVE was down below 30 Cents. That hurts!

But here is the good news: Bitcoin has hold above the 92k support, which is a crucial support on the weekly chart. We dove below tonight shortly but quickly recovered. That makes me confident for the moment. As the rest of the market is following BTC basically the market is stabilizing at the moment.

The rest of the market is bleeding heavily with SOL being the only one that was down only single digit. ETH still down -15% which is a disaster imo.

Investors worry that the tariff war that started this weekend (US, MEX, CAN, CHN) will drive inflation and with that will make the Fed more hesitant to cut rates further.

What do you think of the current situation? Are you rather pessimistic or think that we won’t see much further downside at the moment?

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