The market is gripped by fear, but the stage of 'Extreme Fea | Dexter on Binance Square

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The market is gripped by fear, but the stage of 'Extreme Fear' has yet to fully unfold.
#CryptoDailyInsight #fearandgreedindex #CryptoMarketMoves #BTC☀ 

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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

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BTC Update: BTC just closed above a key resistance level on the weekly chart, and this week’s candle is showing a retest. We’re seeing a classic pattern here called Breakout, Retest, & Rebound (BRR). Last week was the ‘Breakout,’ this week we’re in the ‘Retest’ phase, and if all goes well, we might see a ‘Rebound’ next week. This could push BTC to its all-time high of $73.7k, or maybe even beyond. The main risk right now would be if BTC drops below the parallel channel on the weekly chart. For the rebound to happen, it’s important for BTC to stay above the $66k support level. Thanks for reading! Remember to do your own research and analysis before making any decisions. Trade safe! #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! #btc70k $BTC

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It’s happening, guys! I hope this turns out to be a retest on the weekly timeframe. I’m expecting a rejection, or what could be considered a retest (according to the weekly timeframe), down to $62k. What do you guys think? #BTC #CryptoNewss #BTC☀ $BTC

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Hello, traders! Today, we’re going to analyze BTC in a weekly timeframe. In the next 7 hours, BTC will likely confirm a major breakout with a weekly close above the parallel channel resistance. BTC has been attempting to break above this resistance for quite some time, and it looks like the breakout is finally happening. A weekly close above the resistance will confirm a major bullish scenario for Bitcoin, setting its primary target at the all-time high of $73.7k. On the daily timeframe, BTC is at a critical resistance, and a daily close above it will provide double confirmation. We’ll wait for the weekly close and see what BTC has in store. Trade safely! #CryptocurrencyAnalysis #BTC #BinanceTurns7 #WeAreAllSatoshi #Write2Earn! $BTC

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#BTC Update: BTC is right at resistance, and as mentioned earlier, it needs a daily close above this level to continue the bullish rally and set a new target of $73.7k (All-Time High). Only 8 and a half hours are left for the daily candle to close, which will determine the next move. I suggest staying cautious with your trades and making wise decisions. While BTC may be showing bullish signs, don't ignore the overbought range in the RSI and the Fear and Greed Index, which has been in the "greed" zone for the past two days. Trade safely. #CryptocurrencyAnalysis #BTC☀ $BTC #BinanceTurns7 #WeAreAllSatoshi #Write2Earn!

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