Bro, looking at the state of the market, it doesn’t seem clear right now. BTC is around $60k, moving a bit up and down, but there’s no conviction. The S&P 500 trend looks shaky and the US 10Y yield is rising, which is putting pressure on risk sentiment. Gold is above $4k—that’s a signal of uncertainty, bro. The dollar is also strong; USD/INR at 94.33 is pain for emerging markets. BTC’s RSI is at 46, which is neutral; MACD is bullish, but the EMA structure looks bearish. Volume is weak—0.3x of average—and OBV is down. It’s hovering around $60k. Support is strong at $59,626, but liquidity could hunt down to $58k. There’s nothing special in the news—ETF outflows are the pressure, and one news piece says $4B is gone. CZ wants US capital for crypto, but there’s no real impact. Fear & greed is at 12—extreme fear, which could be a contrarian signal, but right now it doesn’t feel safe to bottom-fish. Gold is strong at $4,060, and the dollar is also strong. The macro environment is risk-off. Even if BTC comes down to $58k, it’s better to wait because a liquidity hunt could happen. My view: Wait. There’s no clear signal. If $58k breaks down, then $55k could also come. What do you all think? Is bottom fishing at $58k safe, or should you wait?

⚠️ Personal analysis, not financial advice.

#Trading #Binance #Bitcoin #Crypto #Gold

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Disclaimer: My personal analysis, not financial advice. DYOR.