Is Bitcoin preparing for a recovery, or is another correction coming? đ
Bitcoin is currently trading around $75,800, and the market is still showing signs of uncertainty.
After struggling to hold the $80K level, $BTC has faced selling pressure, while institutional ETF outflows are adding more caution to the market.
Here are the levels Iâm watching:
đ Support: $74,700 â $73,200
đ Resistance: $77,000 â $80,000
The Fear & Greed Index is sitting at 25 (Extreme Fear), which tells us that market confidence is still weak.
Personally, I think this is a time to be patient rather than blindly chasing green candles or opening high-leverage positions.
A strong recovery above resistance could change the sentiment, but losing support may bring another wave of volatility.
Whatâs your view? Will BTC reclaim $80K, or are we going lower first?
#Bitcoin #BTC #CryptoMarket #BinanceSquare
Bitcoin is currently trading around $75,800, and the market is still showing signs of uncertainty.
After struggling to hold the $80K level, $BTC has faced selling pressure, while institutional ETF outflows are adding more caution to the market.
Here are the levels Iâm watching:
đ Support: $74,700 â $73,200
đ Resistance: $77,000 â $80,000
The Fear & Greed Index is sitting at 25 (Extreme Fear), which tells us that market confidence is still weak.
Personally, I think this is a time to be patient rather than blindly chasing green candles or opening high-leverage positions.
A strong recovery above resistance could change the sentiment, but losing support may bring another wave of volatility.
Whatâs your view? Will BTC reclaim $80K, or are we going lower first?
#Bitcoin #BTC #CryptoMarket #BinanceSquare
