### Bitcoin Market Analysis

#### Current Market Overview

Bitcoin (BTC) has recently experienced a sharp decline, far exceeding expectations, and is currently undergoing a large-scale sell-off, with the market focusing on the bottom position.

#### Key Factors Analysis

1. **Price at 3-Month Bottom Range**

The current price has dropped to the bottom range of the past 3 months, potentially forming significant support.

2. **Fear and Greed Index Dropped to 25**

This index is often associated with market bottoms, which may indicate a short-term rebound.

3. **Weekly and Monthly Close**

- **Weekly**: If this week closes above 89k, it may be bullish, but there are still 5 days until closing.

- **Monthly**: The monthly close will occur in 3 days; if it maintains key levels, it may boost market sentiment.

4. **Range Breakout and FVG (Fair Value Gap)**

If it breaks below the current range, there is a weekly FVG (73.6k to 80k) below that may become significant support.

#### Stock Market Performance Comparison

Global stock markets continue to decline, with the S&P 500 (SPX) and Dow Jones (DJI) closing down for two consecutive days, approaching the 2024 closing gap. The stock market may continue to decline ahead of NVDA's earnings report.

#### Liquidation Heatmap

- **Above**: 92576 / 93444 / 94743 / 95500

- **Below**: 87277 / 85750 / 82395 / 80565

#### Key Price Levels

- **96475**: November 2023 Close

- **93549**: 2024 Close

- **90200**: December 2023 Low

- **88909**: January 2024 Low

- **83195**: Q4 VWAP

#### Trend Analysis

- **Daily**: Down (🔽)

- **Weekly**: Sideways (➡️)

- **Monthly**: Up (🔼)

#### Fear and Greed Index (F&G)

The current index is 25, down from the previous days' 49, 50, 49, and 55, indicating extreme fear in the market, possibly nearing the bottom.

### Summary

Bitcoin is at a critical support area, with market sentiment being extremely fearful, potentially nearing a short-term bottom. If it breaks the range, the lower FVG (73.6k-80k) may form support. Attention should be paid to weekly and monthly closes and NVDA's earnings impact on the market. Short-term volatility may persist, but the long-term trend remains bullish. #btc #BTC走势分析 $BTC