BTC: Double Bottom or Death Trap? 📉🤔 See the chart
Everyone is looking at the $75k-78k zone as a potential "Double Bottom." While the "W" is forming on the 1H chart, we need to stay disciplined.
The Reality: > ❌ We are still below the $80,700 key resistance. ❌ Sentiment is in "Extreme Fear" (18/100). ❌ $2.2B in liquidations just wiped out the late longs.
The Play: > I'm not buying the "dip" until we flip $80.7k back to support. If $75k breaks, we could be looking at a much deeper correction toward $70k.
Patience pays. Protecting capital > Catching the exact bottom. 🛡️