Bitcoin has suffered a brutal blow in the last 24 hours, dropping more than 12% and erasing nearly $9,000 from its value. We went from $73k to nearly $62k in the blink of an eye. If you're looking at your portfolio in red, breathe: this is what institutional analysis says.
Key Data:
The Critical Floor: The price has bounced exactly at $62,345. This is our "containment wall." If this level is broken, the gates open towards the psychological $60k.
Extreme Overbought: In 4H timeframes, the price has strayed too far from its moving averages. Statistically, this usually causes an "elastic effect" or short-term technical bounce.
Who is selling?: The massive volume and the vertical drop suggest a cascade of leveraged liquidations (Long Squeeze). It's not a lack of interest; it's market cleaning.
What to expect in the next 4 hours?
Scenario A (Dead Cat Bounce): BTC attempts to recover the area of $64,500 - $65,000 to relieve indicators.
Scenario B (Final Capitulation): We strongly lose $62,300 and visit $60k-$58k before the day closes.
My advice: Keep liquidity at hand. Volatility is high and opportunities will arise when the price establishes a solid bottom, not while it is falling.
