BITCOIN UPDATE
Btc broke all the major supports.
Next resistance and support to look at,
Resistance: 45k, 45800 and 46k
Here breaking 45800 will be sign that bulls are back.
Support: 43k, 42500 and 40700
Here breaking 40700 will dump btc to 38k to 36k
📉What is triggering today's Drop?
Crypto assets fell sharply today, the second-largest property developer in China, has been unable to pay off the interest on its loans. Experts refer to EverGrande's debt problems as China's "Lehman moment," Congress is set to discuss an extension of the debt ceiling this week, which could have dire consequences for financial markets. The total crypto market cap has also dipped below $2 trillion, confirming a more general downtrend.
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