Alert already sent! Much of FUD has been in the air on SEC suing Binance and declaring some major Cryptocurrencies suspicious.

An awaited correction of 5-7% has been on cards before the breaking news came in. BTC is already down by 10% after failing to sustain $28K.

At the time of writing this article, Bitcoin is trading at $25.3K breaching a major support of 25.8K which is now turning to be a resistance.

Stay away from taking major positions as the market sentiment is now bearish and the indicators are bullish. When such a scenario arises you may see volatility and trends become irrelevant.