$BTC at a Crossroads: Rebound or Further Dip? 📉🚀
The Fear & Greed Index has hit a low of 9 this week. While the "extreme fear" is everywhere, seasoned traders know this is usually where the best opportunities are born.
Looking at the charts, Bitcoin is maintaining a weak consolidation near $68,000. Here’s my quick breakdown for the week:
Key Support: $65,500 – If we hold this, a relief rally to $72k is on the table.
Resistance: $70,200 – We need a strong 4H candle close above this to flip bullish.
Sentiment: Bearish in the short term due to ETF outflows, but long-term institutional interest remains strong.
My Strategy: I’m keeping a close eye on $BNB and $CAKE as well. The Binance ecosystem often leads the recovery when the market stabilizes.
What’s your move? Are you buying this "blood in the streets" or waiting for lower levels? Let’s discuss below! 👇