Trading Long Bitcoin (#BTC ): Sentiment is shifting as Bitcoin holds the $70k line despite macro jitters, with on-chain data signaling a cyclical trough and the return of institutional accumulation.
Entry: $68,500 - $70,800
SL: $67,200
TP1: $75,500
TP2: $82,000
TP3: $97,900
The Bitcoin daily RSI is currently sitting near 42, indicating it has successfully reset from oversold levels and has significant "runway" left for an upward move.
Recent reports of potential de-escalation in the Middle East have provided a much-needed boost to risk assets, helping Bitcoin bounce over 4% in the last 24 hours.
On-chain metrics show that the supply held at a profit has converged with supply held at a loss—a pattern that has historically preceded major market recovery phases.
Technical analysis confirms that Bitcoin has been printing "higher lows" since the early February crash, which is a textbook sign of strengthening market structure.
The Crypto Fear & Greed Index is currently at 29, showing that while extreme panic has subsided, the market remains fearful, often providing a "contrarian" buying opportunity.
trade here 👉 $BTC
