๐จ February 19 Market Alert: BTC breaks below $68,000! Will the prediction of $55,000 come true?
On the eve of the opening of the US stock market on February 19, market sentiment is extremely tense! Following the negative sentiment from yesterday (the 18th) regarding ETF outflows, the market is currently experiencing a psychological battle.
๐ Latest updates as of now:
โข BTC price level: has broken through the key level of $68,000, currently fluctuating around $67,500.
โข ETF warning: BlackRock's IBIT trading volume has shrunk, and after a outflow of -$133.27M yesterday, institutional buying interest remains weak tonight.
โข ETH situation: following Bitcoin's weakness, it is currently testing the $2,000 round number.
โข The only highlight: $SOL has shown strong resilience, even as the market falls, the inflow trend for SOL has not been interrupted!
๐ In-depth analysis:
Technically, BTC has entered the consolidation corridor of $60,000 - $71,000. If it cannot recover $68,000 tonight, bearish forces may work together to push the price towards the support range of $55,000 - $60,000 that everyone is worried about. That is the "last defense line" for institutions in this bull market.
๐ก Operational strategy:
Currently, the Fear & Greed index is sliding towards the "fear" zone. In this high volatility environment, do not blindly bottom-fish with leverage; spot holders are advised to pay attention to whether SOL can continue to develop an independent trend.
#BTC #Solana #ETF #ๅธๅฎๅนฟๅบ #่กๆ
ๅๆ