🚹 BTC Update: Is the Bottom Near?

Bitcoin faced a 16% drop in the last 24 hours đŸ˜± with massive liquidations and bearish fear. Yet, technicals hint a short-term bounce might be forming.

Key Positives:

✅ MACD bullish crossover — momentum could shift upward

✅ Price bouncing off mid Bollinger Band — possible rebound

✅ Institutional confidence: CEX SAFU bought 3,600 BTC (~$250M)

Risks to Watch:

⚠ All EMAs still bearish — downtrend continues

⚠ $4.5B long positions liquidated — market fear is extreme

⚠ Community worried about "engineered selling"

💡 Insight: While BTC may be near a short-term bottom, caution is advised. Only a confirmed break above resistance levels can signal a true recovery.

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