"📉 BTC breathing deep (or almost suffocating?):
Today Bitcoin is fluctuating around US$ 66.5k - 67.5k, with a drop of ~1-4% on the day depending on the hour. After touching near US$ 60k at the beginning of February and bouncing to ~US$ 72k, the momentum has weakened again.
It seems like a 'dead cat bounce' to many people — support at ~US$ 66k is being tested strongly, but the bear market since the ATH of >US$ 126k in October still weighs heavily.
High volume of liquidations and falling open interest reinforce selling pressure.
Keep an eye on the support at US$ 65-66k. If it breaks, it could seek the recent lows. If it holds and turns around, who knows, it may return to US$ 70k+.
And you, are you buying the dip or waiting for more blood? 🩸🐻 #Bitcoin #BTC #Crypto"
Today Bitcoin is fluctuating around US$ 66.5k - 67.5k, with a drop of ~1-4% on the day depending on the hour. After touching near US$ 60k at the beginning of February and bouncing to ~US$ 72k, the momentum has weakened again.
It seems like a 'dead cat bounce' to many people — support at ~US$ 66k is being tested strongly, but the bear market since the ATH of >US$ 126k in October still weighs heavily.
High volume of liquidations and falling open interest reinforce selling pressure.
Keep an eye on the support at US$ 65-66k. If it breaks, it could seek the recent lows. If it holds and turns around, who knows, it may return to US$ 70k+.
And you, are you buying the dip or waiting for more blood? 🩸🐻 #Bitcoin #BTC #Crypto"