#BTC
**Bitcoin is Down Again, Is It Time for “Blood in the Streets”?**
Just opened the BTC/USDT chart and saw a deep red. At Trade-X, the price is currently **86,378.90**, down **-2.09%** in 24 hours. But what’s alarming is the performance over the last 30 days: **-10.17%**, and over the last 90 days: **-25.57%**.
📉 **What’s happening?**
- The **Bollinger Bands** (20,2) indicator shows the current price (orange line) is touching or below the **Lower Band** (DN: ~86.7K). This is often considered an *oversold* area or strong selling pressure.
- From the chart, after reaching a high above **128K**, BTC has sharply corrected and is now testing an important support area in the **86K-88K** range.
- Today's trading volume is quite high (**19.725 BTC**), with **MA(5)** below **MA(10)** – the short-term bearish signal remains strong.
🧐 **Other important data:**
- **Order Book Sentiment:** **76.37%** of orders are **Ask** (sell), only **23.63%** are Bid (buy). This indicates that selling pressure is still dominating the market.
- Over the past year, BTC is still down **-16.24%**, meaning from its ATH, we are still in a correction or accumulation phase.
💡 **How to respond?**
1. **Be careful of FOMO (or FUD):** A correction of >25% in 3 months is deep but common in the crypto cycle. Don’t panic sell at the bottom.
2. **The 86K area is key:** If there’s a strong breakdown, the next support may be at **78K-80K** (see the low area on the chart). But if it holds and rebounds from here, it could be the start of a recovery.
3. **Gradual accumulation?** For long-term believers, this zone may be interesting for DCA (Dollar Cost Averaging), but prepare mentally for high volatility.
🎯 **In summary:** The market is currently *risk-off*. BTC is testing the patience of holders. Use this information not for reckless speculation, but for risk assessment and a more mature investment plan.
Stay calm, manage your own risks, and don’t invest with panic money.
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*Data source: Trade-X, chart 15m-1H. This is not financial advice, always DYOR (Do Your Own Research).*#BTC
