Crypto sentiment changes faster than Bangalore weather ๐๐ฆ๏ธ
Yesterday around this time, Bitcoin was pushing into the $64Kโ$65K zone and honestly, the market was a bit doubtful.
Why?
Because $BTC had already faced rejections around similar levels on July 31 and August 10.
So the thinking was pretty simple:
โBTC is back at resistanceโฆ probably another rejection.โ
A lot of traders positioned for the pullback.
But this time, Market said NOPE. ๐
Instead of rejecting, price broke through the resistance, momentum kicked in, and the shorts got absolutely squeezed.
And now look at sentiment:
Yesterday: Neutral 55
Today: Greed 60
Last week: Fear 37
From โBitcoin will reject againโ to โWhy didn't I buy?โ in basically a day. ๐ญ
#BTC Price Analysis#
Yesterday around this time, Bitcoin was pushing into the $64Kโ$65K zone and honestly, the market was a bit doubtful.
Why?
Because $BTC had already faced rejections around similar levels on July 31 and August 10.
So the thinking was pretty simple:
โBTC is back at resistanceโฆ probably another rejection.โ
A lot of traders positioned for the pullback.
But this time, Market said NOPE. ๐
Instead of rejecting, price broke through the resistance, momentum kicked in, and the shorts got absolutely squeezed.
And now look at sentiment:
Yesterday: Neutral 55
Today: Greed 60
Last week: Fear 37
From โBitcoin will reject againโ to โWhy didn't I buy?โ in basically a day. ๐ญ
#BTC Price Analysis#