It’s been a rough week for anyone watching the $BTC charts, and let’s be honest—it feels a bit like a "crisis of faith" for the market. After the high of the late 2025 rally, Bitcoin has taken a sharp U-turn, sliding through the $75,000 mark and even wicking down toward $71,000.
The "extreme fear" in the air is palpable, largely because we’ve seen over $3 billion in institutional outflows from ETFs in just the last month. Between the geopolitical tension and the uncertainty around a more hawkish Federal Reserve, that post-election "Trump pump" hype has officially cooled off, leaving retail traders wondering if the floor is actually in or if we’re headed back to the mid-60s.
From a technical perspective, the damage is pretty clear on the daily timeframe. We lost that critical $84,000 support level that everyone was banking on, and since then, the bulls haven't really been able to mount a convincing counter-attack.
Right now, all eyes are on the $70,000 psychological barrier; if we can’t hold that, the next major volume pocket sits way down around $68,000. On the flip side, for a real reversal to start, we’d need to see Bitcoin reclaim the 50-day EMA at roughly $89,000. Until then, we’re essentially in a "prove it" zone where the trend remains bearish despite the occasional short-term bounce.
So, what’s the move? If you're feeling exhausted by the crypto chop, you're not alone. Many are shifting their focus to more "stable" momentum plays in stocks, like the massive sell-offs we’re seeing in tech giants like Microsoft, It’s a classic rotation: while $BTC finds its footing and works through this "deleveraging" phase, the smart money is staying productive elsewhere.
Don’t let the "Extreme Fear" index force you into a bad trade; sometimes the best strategy is just sitting on your hands or looking for the next infrastructure play.
