### Bitcoin Market Analysis
#### Market Sentiment and Trends
- **Fear & Greed Index** is currently at 10, the lowest level since January 2022 and May-June. This indicates extreme fear in the market, which often suggests that a market bottom may be approaching.
- **Trend**: The daily chart (D) shows a downtrend, the weekly chart (W) shows consolidation, and the monthly chart (M) shows an uptrend.
#### Technical Analysis
- **Recent Trends**: The daily chart has just seen three consecutive long bearish candles, indicating strong bearish momentum. SPX (S&P 500 Index) and DJI (Dow Jones Industrial Average) have yet to fill their gaps, increasing the risk of further declines.
- **Target Levels**: Before or after the decline, the target levels for a Dead Cat Bounce are 90,200 / 91,130 / 93,550. If the monthly close is below 89,000, the market is bearish.
- **Time Window**: The market has 1.5 days to push the Bitcoin price higher to maintain the chances of a rebound, especially after the March CME gap is filled.
#### Liquidation Heatmap
- **Above**: 87,936 / 88,733 / 89,650 / 92,650
- **Below**: 84,425 / 83,569 / 81,440 / 76,600
#### Key Chart Lines
- **96,475** - November closing price
- **93,549** - 2024 closing price
- **90,200** - December low
- **88,909** - January low
- **83,195** - Fourth quarter volume-weighted average price (VWAP)
#### Summary
Current market sentiment is extremely fearful, and technical indicators show that there is still a risk of decline in the short term. However, the extreme fear sentiment may indicate that a market bottom is approaching. Investors should closely monitor key support and resistance levels, as well as changes in market sentiment, to seize potential rebound opportunities.