🚀 Today’s Market Analysis: Is the Crypto Market Getting Weaker ? What’s the Key
$BTC Support ?
The crypto market is currently going through a Shrinking Phase, with the total market capitalization dropping by around 9.21% this week. This signals a clearly weakening investor sentiment.
1.
$BTC Technical Analysis
Bitcoin (BTC) is now trading below the critical $84,000 zone, losing nearly 1.23% in the last 24 hours.
🔸 Current Price: BTC is hovering around $84,331
🔸 Major Support: The nearest strong support stands at $80,000–$82,000.
If this zone breaks, the market may enter a deeper downtrend.
🔸 Key Resistance: The first major resistance is at $86,000.
A breakout above this level could shift momentum back to the upside.
📉 Short-Term Outlook: BTC is currently moving in a declining market environment, indicating weakness and the possibility of further downside.
2. ETH & Altcoin Overview
🔹 Ethereum (ETH) is under similar pressure, trading near $2,765.
🔹 Altcoins remain mostly bearish, but some tokens like Intuition, Recall Network, and BOB are showing relative strength based on price action and market cap.
⚠️ As always — DYOR before investing in any trending coin.
3. Fear & Greed Index
The market is currently in Extreme Fear.
Historically, these phases often indicate oversold conditions, creating opportunities for potential upside corrections.
🔥 Now Your Turn!
1️⃣ Do you think this ‘Fear’ is a buying opportunity ?
Comment ✅ Yes or ❌ No below!
2️⃣ Did any altcoin in your portfolio perform well today ?
Drop the name in the comments! 👇
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