Quick Take
Look, the chart is ugly. Bitcoin is sitting at $77,099, down nearly 3.5% in 24 hours. If you opened your app this morning, you probably saw red everywhere. ETH is bleeding to $2,210, and XRP is down over 5%. It looks like a classic risk-off day, right?
But here’s the deal. The Fear & Greed Index is at 30. That’s ‘Fear,’ but it’s not ‘Extreme Fear.’ In my 8 years of trading, I’ve learned that when the crowd gets scared at 30, that’s usually where the bottom starts forming. Not when it hits 10. That’s too late.
I was watching the on-chain flows this morning, and while retail is selling into the weakness, I’m seeing large wallets holding steady. We’ve got a massive support zone forming right below $75K. If BTC holds there, we’re looking at a massive relief bounce. If it breaks? Well, let’s not go there yet.
For those wanting to test these strategies without risking real capital, you should definitely check out Paper Trading. It’s the safest way to practice your entries before the volatility kicks in. Let’s dive into the numbers.