BTC: Is this a "Dead Cat Bounce" or the Real Deal?
Let’s keep it real: Bitcoin has been on a slow, painful slide since almost hitting $100k. Right now, we’re seeing a green candle to $69,157, but don’t let FOMO blind you just yet.
The Vibe Check 🌡️
The market is terrified. The Fear & Greed Index is at an 8 (Extreme Fear). Usually, when everyone is crying, the bottom is close—but catching a "falling knife" can still hurt. Today's bounce is a little gift from better-than-expected inflation data.
The Game Plan 💡
🛒 If you’re looking to Buy:
The Safe Bet: Wait for BTC to park itself above $72,000 for a day or two. Let it prove it has the strength to stay there.
The Risk-Taker: Buying near $65,000 is a classic "dip buy," but keep your eyes peeled for a drop to $60,000 if things get shaky.
💰 If you’re looking to Sell:
Take the Win: If we hit $71k - $72k, expect a "ceiling." It’s a smart spot to take some profits and de-risk.
The Exit Door: If we close below $65,000, the floor might be giving way. Don't be afraid to protect your capital.
Pro Tip 🛡️
In "Extreme Fear," BTC can swing $3,000 in a heartbeat. Only play with what you can afford to leave alone for a year. Stay frosty! 🧊
