#MarketMeltdown 📉 Market Update: BTC & ETH Hit "Reverse Gears"
After a brief attempt to break higher this morning, the bulls have officially been sent into retreat. Both Bitcoin and Ethereum are flashing classic short-term reversal signals on the 15m charts.
The Highlights:
$89k Rejection: BTC couldn't hold its ground above $88,500, dropping sharply to test the $87,600 level.
ETH under $3k: Ethereum followed suit, slipping back below the psychologically critical $3,000 mark as selling volume spiked.
Technical Flip: We’ve seen a "Death Cross" on the micro-timeframes, with the short-term MA7 crossing below the MA25.
What's driving this? With the Fear & Greed Index currently sitting deep in Fear (18-23), liquidity is thin. Traders are likely de-risking ahead of the holiday week, turning every small pump into a "sell" opportunity.
Watch the levels:
🛡️ BTC Support: $87,500
🛡️ ETH Support: $2,940
Stay sharp—short-term volatility is back in the driver's seat! 🏎️💨
