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Bitcoin just took us on a wild rollercoaster this week, and we ended up right back where we started. But the middle part? That's where the real story is.
Monday opened at 77.5k, and by Thursday we nudged up to 78.2k, giving everyone that breakout feeling. Then Friday hit, and we dropped straight to 75.3k. Saturday saw the lowest point at 74,290, a multi-week low. A sharp bounce later, and today we're back around 77k. Net effect? Flat. The Fear & Greed Index is still stuck at 25, deep in extreme fear territory.
Looking ahead, two key levels matter. The support at 74,290 was tested this week. If it holds, bulls still have a chance. If it breaks, the next defensive zone is around 72k, where buyers will likely step in. On the upside, 78.2k is the weekly high. Above that, 79k is the next hurdle. A clean break above that would signal real strength.
My plan for next week is simple. No chasing pumps, no catching falling knives. Short positions are already full, so now it's about waiting for the market to show its hand. If we hold above 75k for the first two days, I'll consider a continuation of the sideways grind. If we test 74k again early in the week, it's not about hoping for a recovery, it's about waiting for confirmation.
A break below 72k would likely mean more downside, with deeper bottoms ahead. Stay sharp, stay patient.
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