Bitcoin BTC price is near a critical point, what next?

The BTC price has updated the high of 2023-2024 and is now at a critical point.
The Fear and Greed Index is 79, the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet, everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
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The Fear and Greed Index is 79, the highest since 2021.
Optimism in the market is off the charts and it is alarming.
Above, there is a target of $53600 - the level at which the GAP will close from 2021.
The bottom target is $32700, which does not look realistic now, but anything is possible in the crypto market.
There is no signal for a short yet, everything is still growing by inertia.
However, you should be careful with longs and tighten your stops as your asset grows, so as not to give away your profits to the market.
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.