#Bitcoin
NY Open Alert: Recovery in Sight or Bull Trap?
The crypto market is showing a significant shift as we head into the New York session. After a period of intense volatility, the atmosphere is changing rapidly. Here’s what you need to know before the bell rings:
Market Sentiment: Moving to "Greed"
The Fear & Greed Index has made a massive jump. Just 48 hours ago, we were sitting in deep "Fear" (26), but as of today, we’ve crossed into Greed (61).
The Signal: Short liquidations have cleared the way, and Bitcoin is hovering around $96,000 - $97,000.
The Context: Institutional interest remains the backbone of this move, with record-breaking ETF inflows keeping the floor solid.
What to expect at the NY Open:
High Volatility Spikes: New York usually brings the highest liquidity. Watch for a "stop-hunt" in both directions during the first hour (9:30 AM - 10:30 AM EST).
ETF Momentum: Keep an eye on the IBIT and FBTC volumes. If spot buying continues at the open, we might see a push toward the $100,000 psychological resistance.
Mixed Altcoin Action: While BTC is leading, some majors like XRP and DOGE are seeing slight pullbacks. The "rotation" into alts might depend on BTC stabilizing above $98k.
Strategy Tip:
Don't FOMO into the initial candle. The New York open often creates a "fake-out" before the true trend for the day is established. Watch the $94,600 support level closely—if it holds, the bulls are in control.
Are you Bullish or Bearish for today's session? Let’s discuss in the comments!