Bitcoin is trading around $75,900 today after a wild week.
Yesterday BTC fell below $76K as US tech stocks crashed and over $1 Billion in crypto liquidations happened. Spot Bitcoin ETFs also saw $430M outflows in one day, with Fidelity and BlackRock leading the selling.
But BTC bounced back above $76K quickly. That shows buyers are still active at lower levels.
Key Levels To Watch:
Support: $75,300 - $73,000
If $75,300 breaks, next stop is $73K. This is the most important support right now.
Resistance: $77,900 - $80,000
BTC is still below its 9-day average at $77,900. Until it closes above this, sellers are in control.
Market Mood:
Fear & Greed Index is at 28-31 / Fear. RSI is around 38. That means market is scared, but not fully oversold yet.
My View:
Don't panic. Don't use high leverage in this market.
Risk Management is the real game. Most people lose because of no SL.
If BTC holds $73K, we can see a bounce to $80K again. If $73K breaks, be ready for more dip.
Are you buying this dip or waiting?
Comment your target below.
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