Bitcoin Encounters 'Extreme Overselling'! After the Major Shake-up, Is a Reversal Coming?
Just now, Bitcoin recorded one of the strongest short-term selling pressure signals in recent weeks within 15 minutes — Delta -11.97. From 110,000 it plummeted to 102,000, a drop of nearly 8,000 dollars. Did you think it was just another 'normal fluctuation'? Don't be naive.
Doesn't this feel like a 'handing over the keys' moment of surrender?
What does this signal mean?
📉 Extreme selling pressure means who is exiting?
Those with the most fragile confidence, the retail investors ground down to despair by the market, are using their losses to reshuffle the market.
📉 Technically, we are approaching the key support from early June.
This is not just minor fluctuations; similar positions in the past often accompanied violent rebounds, even if only technical, which can easily make the bears scream.
📉 Emotional collapse ≠ Trend collapse.
Once the market completes the 'liquidity cleansing', a rebound can happen in an instant — not to mention a reversal, at the very least, it will be a decent counterattack.
So this is not a celebration for the bulls, but a warning that must be heeded.
Bears shouldn't rejoice too early, and bulls shouldn't act recklessly. The real turning point often strikes suddenly just after the violent momentum disappears.
