🔻$BTC Bitcoin is trading at $103,968.33, posting a 1.87% decline over the last 24 hours, stirring cautious sentiment in the market.
📉 The Fear and Greed Index has dropped from 65 to 61, signaling a shift from “greed” to neutral sentiment. This subtle drop is prompting many traders to re-evaluate their short-term positions.
📊 Technical Picture:
Resistance Zone: $106,000 – A breakout here could fuel a fresh rally.
Support Zone: $103,706 – Holding above this level is critical to avoid deeper losses.
💥 Over $211 million in long positions have been liquidated, revealing the underlying bearish pressure after US-China trade talks stalled — a move that has shaken global investor confidence and triggered a broader risk-off mood.$BTC
📈 Short-Term Outlook: Analysts remain cautiously optimistic. Historically, similar corrections have preceded strong upside moves, especially when accompanied by panic selling.
🚀 Long-Term Outlook: Forecasts remain bullish, with price targets ranging between $220,000 to $330,000. Long-term holders are still confident in Bitcoin's trajectory despite current volatility.
📍? TL;DR: $BTC Bitcoin must stay above $103,706 to preserve its range. A push past $106K might spark bullish momentum. For now, eyes remain on macro events and sentiment shifts.