Mixed feelings at the moment.
The weekly BTC chart shows a potential retest followed by a rebound, but the Fear & Greed Index suggests something else.
Currently, the index reflects greed in the market, and when it reaches extreme greed levels, it's often a red alert for long holdings.
Here’s what I’ve analyzed after comparing both scenarios:
~ BTC is in a retest phase, with the Fear & Greed Index showing greed at 74.

~ If BTC rebounds after the weekly close, the Fear & Greed Index may reach extreme greed levels.

~ Once the index hits extreme greed, a pullback is likely to restore balance. This suggests BTC may face rejection after approaching or hitting its all-time high.
This is what I can deduce from the current market conditions.
Stay safe, trade wisely, and always do your own research and analysis before investing.
#BTC☀ #CryptocurrencyAnalysis #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! $BTC