$BTC Trading Signal Update! ๐จ
Entry: 72,100 - 72,600 ๐ฉ
TP: 78,400 ๐ฏ
SL: 69,500 ๐
Bitcoin is currently testing a critical macro support zone after a sharp 20% correction from its recent highs. We are seeing early signs of a relief bounce as the Fear & Greed Index hits extreme lows, suggesting the selling pressure is reaching exhaustion.
The market sentiment remains cautious, so wait for a 4-hour candle close above 73,000 to confirm local bottoming. Watch for a decrease in exchange inflows and a stabilization in spot demand before sizing up.
This setup offers a strong risk-to-reward ratio for a swing back toward the $80k psychological level.
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