### BTC Market Update

#### Current Market Status:

- BTC trading at $80,500, dropped from $95,000, hitting $76,600 (closed CME gap at $77,000).

- Market expecting new money inflow, but sentiment is ultra-bearish, with some predicting $50K BTC.

- As long as $72,500 holds, BTC unlikely to drop to $50K.

- BTC likely to accumulate between $76,000 - $88,000 in the coming weeks.

#### Support & Market Sentiment:

- $74,000 - $80,000 acting as a strong support zone (previous all-time high).

- 300 SMA providing support on the daily time frame.

- Fear & Greed Index: 15 (Extreme Fear) – Market highly fearful.

- MicroStrategy planning to raise $20 billion to buy BTC.

#### Personal Trading Strategy:

- Closing BTC short positions in this zone is the best decision.

- Market psychology shifts fast – People were ultra-bullish at $109K, now calling for $50K.

- Need to book profits at the right time, rather than hoping for extreme moves.

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### Key Points

#### 📈 Bullish Factors:

1. Daily RSI in oversold zone (potential rebound).

2. Fear & Greed Index at Extreme Fear (15) – Possible reversal.

3. BTC respecting 300 SMA on daily time frame.

4. Market overly bearish – Contrarian opportunity.

5. Big investors (e.g., MicroStrategy) buying BTC.

#### 📉 Bearish Factors:

1. Geopolitical risks (tariffs, recession fears, government intervention).

2. Exchange hacks & meme coin scams affecting trust.

3. Influencers shilling bad projects, hurting retail investors.

4. FTX & Mt. Gox fund distributions could add selling pressure.

5. Eid approaching – Muslim traders may sell to secure profits.