The global crypto market is in "Extreme Fear" mode today, after Bitcoin (BTC) continued its decline and broke through several psychological support zones, pushing the price to the critical level around $85,000.

This decline erased most of the year-to-date gains and placed investors at a crucial crossroads: Is this a long-awaited bottom, or does it signal a deeper correction?

1. Technical Analysis: $85,000 as a Critical Threshold

$85,000 is not just a mere figure, but a highly sensitive technical zone:

Short-Term Support: Based on market analysis, $85,000 has been identified as vital short-term support. If BTC manages to hold above this level for a daily or weekly close, there is a chance of a technical rebound.

Next Threat: Failure to consistently hold $85,000 opens the door for another sharp decline towards the critical $80,000 threshold or even a retest of $74,000 (a price last seen a few months ago).

2. Market Sentiment: Extreme Fear and Liquidation

This drastic decline was triggered by a combination of macro headwinds (primarily uncertainty surrounding the Fed's interest rate policy) and profit-taking from institutional investors and short-term traders.

Maximum FUD: Sentiment indicators such as the Crypto Fear & Greed Index are likely in the "Extreme Fear" zone, a condition that historically often precedes market bottoms but also indicates mass panic.

Major Liquidation: This rapid price movement triggered a massive wave of liquidations, particularly for long positions in the derivatives market. This increased selling pressure exponentially.

3. What to Watch Now?

Today's main market focus is the release of the latest US macro data. This data will influence the likelihood of the Fed changing monetary policy, which directly impacts the risk appetite of volatile assets like Bitcoin.

Message to Investors:

"In high volatility like this, disciplined risk management is key. Don't try to guess the market bottom. Stick to your DCA strategy, and focus on the technical support levels mentioned above."

#BitcoinUpdate #BTC #CryptoCorrection #85K #TechnicalAnalysis #ExtremeFear #RiskManagement

Do you see $85,000 as a dip buying opportunity, or are you waiting for $80,000 to accumulate? Share your views! 👇

The global crypto market is in "Extreme Fear" mode today, after Bitcoin (BTC) continued its decline and broke through several psychological support zones, pushing the price to the critical level around $85,000.

This decline erased most of the year-to-date gains and placed investors at a crucial crossroads: Is this a long-awaited bottom, or does it signal a deeper correction?

1. Technical Analysis: $85,000 as a Critical Threshold

$85,000 is not just a mere figure, but a highly sensitive technical zone:

Short-Term Support: Based on market analysis, $85,000 has been identified as vital short-term support. If BTC manages to hold above this level for a daily or weekly close, there is a chance of a technical rebound.

Next Threat: Failure to consistently hold $85,000 opens the door for another sharp decline towards the critical $80,000 threshold or even a retest of $74,000 (a price last seen a few months ago).

2. Market Sentiment: Extreme Fear and Liquidation

This drastic decline was triggered by a combination of macro headwinds (primarily uncertainty surrounding the Fed's interest rate policy) and profit-taking from institutional investors and short-term traders.

Maximum FUD: Sentiment indicators such as the Crypto Fear & Greed Index are likely in the "Extreme Fear" zone, a condition that historically often precedes market bottoms but also indicates mass panic.

Major Liquidation: This rapid price movement triggered a massive wave of liquidations, particularly for long positions in the derivatives market. This increased selling pressure exponentially.

3. What to Watch Now?

Today's main market focus is the release of the latest US macro data. This data will influence the likelihood of the Fed changing monetary policy, which directly impacts the risk appetite of volatile assets like Bitcoin.

Message to Investors:

"In high volatility like this, disciplined risk management is key. Don't try to guess the market bottom. Stick to your DCA strategy, and focus on the technical support levels mentioned above."

#BitcoinUpdate #BTC #CryptoCorrection #85K #TechnicalAnalysis #ExtremeFear #RiskManagement

Do you see $85,000 as a dip buying opportunity, or are you waiting for $80,000 to accumulate? Share your views! 👇