🥊 $BTC
Fighting for Survival: Is the $70K Wall Unbreakable?
Bitcoin is currently in the "High-Risk Zone," trading at $67,139 after a fresh -2.46% intraday slide. Despite a brief recovery attempt, the market is shivering as the $70,000 resistance remains a fortress, rejecting every bullish advance.
🔍 The Data Deep Dive
Sentiment: The "Fear & Greed Index" has plunged to a chilling 9 (Extreme Fear).
Liquidity Drain: Nearly $3 Billion has been drained from spot ETFs this month.
Whale Activity: Dormant supply is waking up—over 2,000 BTC (untouched for 7 years) just moved, signaling intense sell-side pressure.
Open Interest: A massive $50 Billion drop in futures open interest suggests traders are fleeing the volatility.
🔱 The Next Strategic Moves
The "Dead Cat Bounce" narrative is currently dominating the charts. Until $BTC can secure a daily candle close above $70,000, the bears remain in total command.
📉 The Bearish Abyss: A break below the local $66,500 support will likely trigger a rapid flush toward the $60,000 psychological floor.
🌬️ The Relief Trap: Bulls must reclaim and flip $69,000 to sustain any hope. Anything less is simply exit liquidity for institutional players.
Nabiha’s Bottom Line: BTC is "radioactive" right now. Watch the $67,000 level like a hawk. If the market stays under $70K, the structural reset is far from over. 🧊💀
Analysis by: Nabiha Noor ✍️
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