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Screenshot & Trade Analysis: Long BTC Setup - Here's Why I'm Bullish
I am sharing my latest long BTC position with full transparency. This is not guesswork. It is a calculated execution based on technical structure, market psychology, and risk management discipline.
Trade Setup
I entered a long position in BTC at $68,500 with a clear thesis. Bitcoin just tested the critical support zone at $66,000 after breaking below $70,000 for the first time since April. The daily RSI reached 10.00, approaching its low of 8.95 on February 5. This is an extreme fear zone. History shows that when RSI drops below 15 on the daily timeframe, statistically we see an average rebound within 7-14 days. The Fear & Greed Index dropped to 11. When retail is fearful, smart money accumulates.
Why Long, Not Short