Just in the early morning, we saw a big leg down of BTC from the $7200 area to a lower $6450. Follow that path; the whole market observed a massive downturn with the market cap drop to the all-time-low of this year:
Just like most of the coins in the market, Steem suffered from a break down to a lower point of $1.07 per Steem. For an overall outlook, I would suggest the next support area from 15400 sats or even lower to 10000 sats. In general, I do not believe that we might see ETF this year, so I still keep my bearish view on the BTC, wait for the next dip to grab more.
Please trade safely, my friends.
