$BTC Crash or Bear Trap? 📉 $60K Retest & What’s Next!
The market just witnessed one of its wildest 24-hour swings since the FTX collapse. Bitcoin plunged to nearly $60,074 before aggressively bouncing back to the $65,000 zone. 🎢
What happened?
* Macro Jitters: Weak US labor data and a tech sector sell-off (Nasdaq down 1.6%) fueled a "risk-off" mood.
* Leverage Wipeout: Analysts suggest this was a "violent leverage unwind." Billions in liquidations forced the price down, even though fundamentals remain.
* RSI at 18: We reached "extreme oversold" territory—levels we haven't seen since the 2020 crash!
The Strategy:
🛡️ Support: $60,000 is the line in the sand. If we lose this, look for $58k.
🚀 Resistance: We need a daily close above $70,000 to flip the script back to bullish.
Is this the "buy the dip" opportunity of the year, or is the correction just beginning?
👇 VOTE: 🟢 Accumulating or 🔴 Waiting for $50k?
#BTC #BitcoinPlunge #CryptoMarket #TradingSignals #BinanceSquare
