Bitcoin, ether eye worst weekly rout since FTX collapse as cryptos shed $390 billion
Bitcoin and Ether are poised for their steepest weekly decline since the FTX collapse, as the broader crypto market shed approximately $390 billion in value. This significant drawdown, following a week initiated by a major bitcoin sale, indicates a strong bearish sentiment and potential for further capitulation.
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↓ SHORT-12% target+5% stoptactical / 1-2 weeks
Short BTC and ETH, targeting a further 10-15% downside as capitulation continues following this week's rout.