Bitcoin has fallen nearly 15% in June, with pessimism intensifying. 😟 Selling pressure may not be over yet. With Bitcoin falling to $61,200, the Crypto Fear and Greed Index has also dropped to 11, entering the "extreme fear" zone. This level is close to the sentiment readings near the lows of February and March this year, and from multiple perspectives, this does not necessarily mean a strong price rebound is imminent. 📉
Bitcoin has reached its February low target, but the market may continue to decline, even experiencing a more thorough sell-off. 📉 Meanwhile, put options expiring at the end of June at $50,000 and $45,000 have become among the most actively traded contracts. This indicates that some funds are preparing for further Bitcoin weakness. A truly meaningful low may not appear until October. 🗓️
For the market to regain stronger interest in crypto assets and Bitcoin, it may be necessary to first see a cooling of the AI trading hype. 🧊 Only once a rotation of funds occurs can it mark the start of the next Bitcoin cycle. 🔄
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.