Headline: BTC Testing Critical Levels: Shakeout or Structural Shift? 📉
The recent price action in $BTC has sent the Fear & Greed Index into single digits—a level rarely seen in Bitcoin's history. After the historic sell-off on February 5th, where we saw a 14% single-day drop, the market is currently in a high-stakes tug-of-war. 🛡️ Why the volatility? • Leverage Flush: We’ve seen a massive deleveraging event, with futures open interest dropping from $90B in October to under $50B today. 🌪️ • Macro Headwinds: Tech sell-offs and shifting AI valuations are weighing heavily on all risk-on assets. • The Silver Lining: Historically, February is one of Bitcoin’s strongest months. With the RSI showing heavily "Oversold" conditions, are we approaching a cycle bottom? 🔄 Strategy: Keep a close eye on the $60,000 support and the 200-week moving average. Volume is key here. Stay disciplined, manage your risk, and don't let liquidations dictate your long-term plan. 🧱 #Gateio #BTC #BitcoinCrash #Web3 #TradingStrategy
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Headline: BTC Testing Critical Levels: Shakeout or Structural Shift? 📉
The recent price action in $BTC has sent the Fear & Greed Index into single digits—a level rarely seen in Bitcoin's history. After the historic sell-off on February 5th, where we saw a 14% single-day drop, the market is currently in a high-stakes tug-of-war. 🛡️
Why the volatility?
• Leverage Flush: We’ve seen a massive deleveraging event, with futures open interest dropping from $90B in October to under $50B today. 🌪️
• Macro Headwinds: Tech sell-offs and shifting AI valuations are weighing heavily on all risk-on assets.
• The Silver Lining: Historically, February is one of Bitcoin’s strongest months. With the RSI showing heavily "Oversold" conditions, are we approaching a cycle bottom? 🔄
Strategy: Keep a close eye on the $60,000 support and the 200-week moving average. Volume is key here. Stay disciplined, manage your risk, and don't let liquidations dictate your long-term plan. 🧱
#Gateio #BTC #BitcoinCrash #Web3 #TradingStrategy