Right now $BTC is trading around $66Kโ$71K range, showing signs of both fear and resilience in the market. After a recent plunge below key levels, Bitcoin dipped as low as near $60K before buyers stepped in to push it back up. This kind of chop is where traders get opportunities on both sides โ long or scalp trades. ๏ฟฝ
Forbes +1
๐ Current Market Sentiment:
โข Overall sentiment remains in โExtreme Fearโ historically a contrarian opportunity if BTC starts to hold support. ๏ฟฝ
โข Volatility still high, meaning potential for fast moves in either direction.
โข Institutional flows remain cautious, ETF outflows adding short-term pressure. ๏ฟฝ
CoinMarketCap
CoinMarketCap
๐ฅ Why This Matters for You as a Trader:
When BTC moves this way, short-term setups form fastุ like range bounces, breakouts, and pullbacks. Traders paying attention to key levels can find quick entries before big moves.
โ ๏ธ What to Watch in the Next Few Hours:
๐ If BTC holds above current support and breaks above recent high โ short-term bullish continuation.
๐ If $BTC fails to hold support and sellers take control โ sharp pullback to lower levels.
๐ Tell us your bias, will BTC break higher or pull back first?
Comment: UP ๐ or DOWN ๐
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