Bitcoin at the Edge: Bounce Zone or Trap Door? 🚪
The crypto market is testing everyone’s "diamond hands" today. With $BTC dipping below $63,000, we’ve seen a 50% retracement from the October 2025 highs. Is this the final capitulation or just another shakeout before a double bottom? 🧐
Key Highlights for Feb 24:
Support to Watch: The $60,000 - $62,600 zone is critical. If we hold here, a relief bounce could be on the horizon. If not, bears might aim for $55,000.
Whale & Miner Activity: Major miners like Bitdeer have been liquidating holdings, adding to the sell pressure, while spot ETFs have seen consistent outflows over the past 5 weeks.
Altcoin Performance: Most majors are following the leader, with $ETH struggling around $1,800 and $SOL testing support at $76.
My Take: As an engineering student, I look at the structural integrity of the chart. We are at a pivotal inflection point. I’m keeping some "dry powder" ready for a potential bounce at $60k, but staying cautious of the macro headwinds.
What’s your game plan for this bloodbath?
🚀 A) Buying the dip at $60k!
🐻 B) Waiting for lower levels ($50k-$55k)
💎 C) Staying in HODL mode and closing the charts
Drop your targets below! Let’s keep each other informed. 👇
#bitcoin #CryptoMarketAlert #tradingStrategy #BTC
