$BTC Battles $77K: Final Shakeout or More Pain? ⚠️
Bitcoin is at a massive crossroads after the recent "Black Sunday" flush. With price action currently hovering near $77,121, we have officially entered a "Max Pain" zone. This move has cleared out billions in over-leveraged longs, leaving the market in a state of Extreme Fear—historically a prime zone for trend reversals.
The technicals are screaming "Oversold." The Stochastic RSI is bottoming out, suggesting the selling pressure is reaching exhaustion. However, the bears still hold the short-term lead as long as the Parabolic SAR remains above the candles. To confirm the "bottom is in," we need to see bulls defend the $75.7K support and reclaim the $79.2K pivot on high volume.
Final Call: Watch $79,200 closely. A breakout above this level flips the momentum back to bullish, targeting a fast recovery toward $82.5K+. Until then, stay disciplined and avoid chasing the noise. Is this the ultimate "Buy the Dip" opportunity of February? 👇
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