📉 BTC/USDT — Panic Phase or Opportunity Zone?
Bitcoin has seen a sharp sell-off from the 97,900 high, dragging price down to the 70k region.
🔍 What the charts are showing:
• Strong bearish momentum on the daily timeframe
• RSI deeply oversold (RSI 8 ≈ 14, RSI 13 ≈ 19)
• MACD deeply negative, indicating capitulation pressure
• High red volume → panic selling, not smart accumulation
😨 Fear & Greed Index: 11 (Extreme Fear)
Historically, such readings appear near local bottoms, not tops.
Extreme fear reflects emotional exits, while long-term players usually prepare.
📌 Key Levels to Watch:
• Immediate support: $70,000
• Major support: $68,000
• Bounce rejection zone: $74,500 – $75,000
• Only if 68k fails decisively: $62k → $60k becomes likely
🧠 Big Picture
• This is a high-volatility shakeout
• No confirmation of a long-term trend reversal yet
• Patience > panic
💡 Markets punish emotional traders and reward disciplined ones.
⚠️ Not financial advice. Do your own research.
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