š Bitcoin Just Did Something Crazyā¦ But Is It a Trap? šš
š„ Panic Levelā¦ or Hidden Opportunity? š±
Yesterday BTC went wild.
It smashed lower targetsā¦ then ran to the upside.
Pure volatility. No mercy.
And today?
Fear and Greed Index dropped to 5
.
Yesā¦ FIVE.
Thatās extreme fear. The kind of fear that usually shows up near bottoms. Very bullish signal historically.
But hereās the problemā¦
š The Chart Is Telling a Different Story
As much as fear screams opportunity, the chart still says downtrend.
And in a downtrend, pumps are harder. Dumps are easier.
So calling a bottom right now?
A little early.
šÆ The Levels Everyone Is Watching
Thereās a key zone around 66,560.
That area looks attractive for a revisit.
But hereās the twistā¦
It does not hold strong liquidity.
If BTC bounces hard from there, that would be very bullish.
If not, price could sweep deeper liquidity near 65,222.
And yesā¦ that would shake out a lot of weak hands.
š° The Liquidity Game Above 68K
Around 68,666 sits upper liquidity.
The US session barely had time to sell above 68K yesterday.
UK pumped it. Then dumped it.
New York walked in late to the party.
If BTC pushes there again, expect action.
Right now this market feels like that friend who says āIām fineā but clearly isnāt. š
ā ļø The Big Reminder
Trend is still down.
Respect that.
Extreme fear is bullish.
But charts donāt lie.
The real surprise?
Fear is screaming bottomā¦
Price is whispering ānot yet.ā
And that tension is where big moves are born.
What do you think about this?
