The Crypto Fear & Greed Index has dropped to 15, Market is in Extreme Fear zone.
Fear phase has continued for around 13 weeks, This is the longest fear streak since FTX collapse.
Such fear usually shows weak sentiment in market..
But it can also signal a possible reversal zone..
📢 BTC Update
BTC has already broken below the rising trendline and now looks like it’s coming back for a retest. The structure that was holding higher lows is now weakening.
This kind of move usually decides the next direction.
If BTC fails to reclaim the trendline and gets rejected from this zone, we can see a proper downside move coming in. The bullish structure will lose strength once sellers step in after the retest.
On the other side, if price somehow pushes back above and holds, then it can turn into a fake breakdown — but for now, price looks a bit weak.$BTC
