Bitcoin "Extreme Fear": Don't let the slight rebound fool you
The market is slightly green again, but don't rush to "jump on the train" too early. That's how it is, the daily chart is still screaming negativity. The short-term moving average is still below the long-term one, confirming that the downtrend is absolutely dominant. In particular, the Average Directional Index (ADX) is at 32.1 - indicating that the downward force is extremely strong and there is a high level of consensus. #anhbacong
The rebound from $74,500 to the current $78,500 is like a "resting phase" for the bears before continuing to push prices deeper. In the prediction markets, the odds of Bitcoin falling to $69,000 have surged to nearly 68%, a dizzying turnaround compared to two weeks ago. If Bitcoin cannot close the daily candle above $80,600, selling pressure will soon return. In the context of macro instability and threats of tariffs from the US, holding cash and observing is more important than trying to catch the bottom right now. Be careful, because the "winter" may not be over yet, my friends. $BTC
