$BTC has broken the triangle + EMA89 D, according to technical analysis theory it will head towards EMA200. Currently, the price is in the support zone of 90-91k but this is already the 9th time, the more times it hits support, the weaker it becomes. The H4 frame shows strong selling pressure, and there isn't much hope unless the market makers push a reversal in technical analysis.

However, checking Long Short liquidity, there is a significant disparity as the Long side has been nearly wiped out, with liquidity in the 89-90k area still relatively intact. Long liquidity is about over 2B$, while Short liquidity is over 14B$ (approximately 7 times that of Long).

The Fear and Greed index has dropped to 29 on Coinmarketcap, 25 on Binance. The lowest level in recent years was 26 when the market bottomed out in September 2024.

Although looking at the chart from a technical analysis perspective, the price could drop further significantly, based on Long Short liquidity + current market sentiment, it is highly likely that we will soon see the market create a bottom and recover around the end of February, beginning of March. Many altcoins are experiencing a decline of 70-80% (divided by 4-5 times) in just over 2 months 😁

Retailers' sentiment is understandably frustrated, desperate, and complaining during this period. Regardless of the circumstances, I will continue to update the market situation as usual, follow me for the earliest updates on the market & signals at tradecoinsignalsvn (free)