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According to Biju.com news, based on early monitoring of A’s issuance, BIT indicates that although the market has relatively heavy short positions and trading volume is sluggish, its greed and fear index has improved, reinforcing a more positive judgment on Bitcoin’s price action. BIT believes that the $60,000 to $65,000 support range has shown resilience, and with improving market sentiment, Bitcoin has the potential to rebound.

BTC1.47%
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MemeRecycle
· 8h ago
The resilience of the support level is indeed strong—after hitting it several times, it still hasn’t broken, which indicates market consensus is in place. A short-term rebound is likely.
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PoolNinja
· 11h ago
This range of 60k to 65k has been grinding for so long—if it can truly hold, the next target is 70k.
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LeverageThanos
· 07-20 07:11
Short positions are heavy, but the index is improving—doesn’t that sound like the typical darkness before dawn? In any case, I feel like we can try going long with a small position.
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StarkPioneer
· 07-20 07:04
Don’t rush to buy the dip—an improving greed index doesn’t mean a price increase is immediate; the trend needs time to be confirmed.
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HeadShoulderWatcher
· 07-20 06:59
This analysis feels pretty reliable. The range from 60k to 65k really is a strong support zone, and if sentiment warms up, the odds of a rebound are high.
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InteractBeggar
· 07-20 06:58
Improving market sentiment is a good sign, but weak trading volume is also a risk; we’ll need to see whether it can increase volume and break through afterward.
View OriginalReply0
RWAFarmer
· 07-20 06:58
Every time I see news like this, I hesitate about whether to add to my position, but when I think about the chips I have, I’ll just wait and observe for now.
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