Tuesday Crypto Update: BTC Dips Below $68K → Extreme Fear Mode, But Bottom Signals Brewing?
Binance community, another red day in the books! 🚨
Quick snapshot (as of late GMT Feb 17):
$BTC ~$67,700–$68,000 (down 1-2% 24h, tested lows ~$66,600–$67k; still in that brutal $65k–$70k consolidation box after 4+ red weeks).
$ETH ~$1,980–$2,000 (down ~1-2%, holding above $1,900 for now.
Market bleed: Majority of top 100 tokens red,
$XRP /privacy coins lagging hardest; some RWA sectors bucking the trend slightly.
Drivers: Macro risk-off (software stocks tanking too), lingering outflows, thin liquidity + geopolitical jitters. No big catalysts today, but sentiment indexes screaming "extreme fear."
Mid-week outlook:
Range-bound chop likely continues — watch $67k–$68k as immediate support (hold = possible relief bounce toward $70k). Break lower risks retest $65k or worse.
On the flip: Oversold conditions + bad news seemingly priced in could set up a reversal if ETF flows turn or macro eases. Long-term narrative (adoption, institutional interest) unchanged.
My vibe: This feels like classic capitulation washout before the next leg. Patience pays in these zones historically.
What about you?
Waiting for a clear breakout signal? 👀
Drop your strategy, favorite dip buys, or watch levels below — let's discuss and stay sharp together!
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