Important Market Update: As many of you know, Eid ul-Adha i
fulldeg
Updated at: a day ago
{"content":"Important Market Update:
As many of you know, Eid ul-Adha is approaching, and it is celebrated widely across Muslim-majority countries. Historically, during such major holidays, we often see decreased market activity and increased volatility due to reduced liquidity and profit-taking behavior.
This time, we anticipate a potentially significant impact on the crypto markets. As retail investors begin to sell for various personal or economic reasons, it could trigger concern among larger investors and whales. This may lead to a chain reaction of heavy selling pressure.
If this scenario unfolds, we could see Bitcoin experiencing a strong correction, potentially dropping below key psychological levels such as $90K, $80K, or even $70K.
Other fundamental factors are also contributing to market uncertainty at the moment, adding to the bearish sentiment.
Stay alert, manage your risk wisely, and trade with caution.
Good luck to everyone!
#tradingbycfai #BinanceHODLerSOPH #Bitcoin2025 ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/28/f05140c857f2476ca8c87c2dc4d9d301.png"],"tags":[],"tradingPairs":["SOPH/USDT"],"quotearticleid":0}