📈 Market Update: Is the Bottom Finally In? Or Just a "Dead Cat Bounce"?
After a heavy start to February, the market is showing signs of life.
$BTC has reclaimed the $69,000 level, and the "Extreme Fear" (Index at 14-15) is starting to shift. But don't break out the champagne just yet—here is what you need to know today:
1. BTC Holding the Line 🛡️
Bitcoin is showing a "double bottom" pattern on the 4-hour chart. To confirm a true reversal, we need to see a daily close above $72,500 with strong volume. Watch the $68,000 support closely; if that breaks, we might revisit the January lows.
2. Altcoin Rebound 🚀
$ETH is trailing slightly but showing strength near $2,100, while high-performance chains like Hyperliquid ($HYPE) and Solana ($SOL) are leading the rebound. Note: Altcoins are still volatile, so keep your stop-losses tight!
3. Macro Watch 🌍
Asian markets are mixed following US tech sell-offs, and all eyes are on the upcoming Japan general election results. Macro liquidity
remains the "boss" of this market.
My Strategy Today:
I’m not FOMO-ing into this green candle. I’m looking for a "higher low" setup before adding to my long positions. Capital preservation is the priority! 🛡️
What’s your move?
Are you:
A) Buying the dip? 🛍️
B) Waiting for $75k confirmation? ⏳
C) Staying in Stablecoins? 💵
Let me know in the comments! 👇
#BTC #MarketUpdate #CryptoTrading #BinanceSquare #tradingtips $BTC