🚨 BITCOIN: FEAR DOMINATES, BUT A REBOUND IS STILL POSSIBLE.
Bitcoin touched $73,761 on Sunday, its lowest level since August, before climbing back above $74,300. Ether also rebounded after falling below $2,100. This move offers buyers some relief, but it is not enough to reverse sentiment. Volatility remains high, and investors are mainly looking to protect their capital.
The starkest signal comes from derivatives: more than a billion dollars’ worth of positions were liquidated in 24 hours, including $913 million in bullish bets. Long positions took a heavy hit.
This reveals a market heavily exposed to leverage. These liquidations can accelerate a decline, then trigger a mechanical rebound. However, they do not prove that a reversal is underway.
The backdrop remains challenging. Reports of an independent investigation involving Nvidia’s CEO and the deadlock in talks between Washington and Tehran have heightened risk aversion.
These developments are fueling nervousness, but they do not, on their own, explain the correction. With traditional markets closed over the weekend, cryptocurrencies absorbed investors’ reactions. Wall Street’s reopening could therefore set a new direction.
Technically, Bitcoin is between two important levels: the 200-day moving average, around $73,150, which acts as support, and the 100-day moving average, near $77,430, which forms resistance.
A decisive break below $73,150 would further weaken the structure. Conversely, a sustained move back above $77,430 would improve the outlook, without automatically confirming an uptrend.
I remain cautious. The move back above $74,300 is encouraging, but stabilization, easing selling pressure, and a return of spot demand are needed.
In short, analysis, strategy, and patience will be your best allies
Bitcoin touched $73,761 on Sunday, its lowest level since August, before climbing back above $74,300. Ether also rebounded after falling below $2,100. This move offers buyers some relief, but it is not enough to reverse sentiment. Volatility remains high, and investors are mainly looking to protect their capital.
The starkest signal comes from derivatives: more than a billion dollars’ worth of positions were liquidated in 24 hours, including $913 million in bullish bets. Long positions took a heavy hit.
This reveals a market heavily exposed to leverage. These liquidations can accelerate a decline, then trigger a mechanical rebound. However, they do not prove that a reversal is underway.
The backdrop remains challenging. Reports of an independent investigation involving Nvidia’s CEO and the deadlock in talks between Washington and Tehran have heightened risk aversion.
These developments are fueling nervousness, but they do not, on their own, explain the correction. With traditional markets closed over the weekend, cryptocurrencies absorbed investors’ reactions. Wall Street’s reopening could therefore set a new direction.
Technically, Bitcoin is between two important levels: the 200-day moving average, around $73,150, which acts as support, and the 100-day moving average, near $77,430, which forms resistance.
A decisive break below $73,150 would further weaken the structure. Conversely, a sustained move back above $77,430 would improve the outlook, without automatically confirming an uptrend.
I remain cautious. The move back above $74,300 is encouraging, but stabilization, easing selling pressure, and a return of spot demand are needed.
In short, analysis, strategy, and patience will be your best allies
