Fear & Greed Index: 25 — still in Fear.
📰 Market Overview
As expected, Bitcoin broke below the $92,000 level, which I mentioned was highly probable.
Right now, the uptrend is weak, but I don’t believe it’s completely invalidated yet — a confirmed break below $90,500 would seal the deal and flip the structure fully bearish.
On the 4H timeframe, we clearly see strong buyer weakness — both in volume and candle size. That’s exactly why we just printed a large red 4H candle.
🎯 So What Should We Do Now?
🔻 My Current Position
I personally opened a short on STX, and although I haven’t reached a 2R yet,
once I do, I will definitely take profits or even close the entire trade.
Why? Because if sellers don’t step in with strength, BTC can easily continue upward.
📉 Short Trigger
$90,550 is the clean, confirmed trigger for a short entry.
But remember:
Bitcoin is in a downward daily structure — lower highs & lower lows are obvious.
So any early signs of buyer weakness give us opportunities for short positions.
If the next 4H candle fails to reclaim $92,000, the probability of further downside increases significantly.
And even if we don’t drop hard, price may stay range-bound in this zone.
📈 Risky Long Scenario
If the next candle forms a green engulfing and buyers suddenly return,
you can consider a risky long entry above $92,500 — but only if volume supports it.
🧩 About Bitcoin Dominance
BTC Dominance is currently ranging, which makes it hard to predict whether Bitcoin or altcoins will drop harder.
That’s why I picked a coin (STX) that shows clear bearish correlation with Bitcoin.
Since this might be the first leg of a drop, sellers haven’t proven themselves yet —
so if you’re already in a trade, take profits quickly.
✅ Final Notes
Thanks for reading my analysis!
Trade safe, don’t forget risk management, and stay sharp.
Good luck! 🚀📉
✅ Trade here on $BTC
