The $60,000 Support Test: Technical analysts are closely watching the $60,000 - $62,000 zone. Experts warn that a decisive break below this psychological barrier could trigger a cascade of liquidations, potentially sending the price toward the $55,000 range.
Institutional Sentiment vs. Retail Fear
Despite the price dip, the "Fear & Greed Index" has shifted into the "Fear" zone (at a reading of 38). While retail investors show signs of panic, long-term "Whales" continue to accumula
Adding to the tension is the upcoming global summit on digital asset frameworks. Rumors of stricter KYC (Know Your Customer) requirements for decentralized wallets have caused some short-term turbulence. However, the anticipated approval of new Ethereum and Solana-based financial products in the EU is providing a slight cushion to the broader market sentiment.$BTC