🚀🚀Bitcoin falls below $60,000, beware of further declines🚀🚀

The current cryptocurrency market reflects a highly sensitive state, with the Fear and Greed Index swinging between extremes, highlighting its reactivity. The index has shifted from fear to greed, highlighting how the market continues to react strongly to news and events.

Market participants are watching this behavior closely, especially as the increasing number of retail long positions is negatively correlated with Bitcoin's price, often signaling a bearish outlook.

So far, most position chasing has occurred during price declines, which often leads to subsequent price rebounds, and traders are keen to take advantage of this pattern. Order dynamics also provide valuable insights into market sentiment, and currently, there is an imbalance on the supply side, which has historically been a bearish opportunity.

$BTC : Short around 59,500, with target profits focused around 55,500. $BTC #加密市场急跌 #Telegram创始人被捕 #以太坊基金会 #新币挖矿DOGS