$BTC Price Drop Concerning 🚨🚨

8. Nov. 2022

The nearly 10% price drop in over 24hrs is seriously concerning for the bulls. Now BTC is near the bottom of the support floor and there is a risk of breaking down very quickly. The US mid-term election is taking place here and volatility before and after major events are prime area folks like "Byenace" and "FUX" will show up and move the market. I have seen such plays for many years and this to part of the trading business we have to deal with and make the right move eventually. We have to wait and watch for next 24-48hrs to see the overall direction of the market. I am trigger ready to trim 20% of my position if I see further weakness. Remember the US states are sending out checks in Nov and Dec for inflation relief and this typically will bode well for cryptos.