Morning Minute: Bitcoin Erases Trump Pump, Falls to $60k

💡 DMK Insight

Thursday’s crypto crash isn’t just a blip—it’s a wake-up call for traders. With major cryptocurrencies dropping 15-20%, the market’s volatility is back in full swing, raising questions about the sustainability of recent rallies. This kind of sharp decline often triggers stop-loss orders, leading to cascading sell-offs, which can further amplify losses. Traders should be cautious, as this could signal a shift in market sentiment, especially if fear and uncertainty continue to dominate. Watch for key support levels; if prices break below recent lows, we could see more panic selling. On the flip side, this could present a buying opportunity for those with a longer-term outlook. Historically, sharp corrections have led to rebounds, but timing is crucial. Keep an eye on the 24-hour trading volume and sentiment indicators to gauge whether this is a temporary dip or the start of a more significant downturn. Immediate resistance levels will be critical to monitor in the coming days to assess potential recovery.