source avatarTrend Serra Capital | Medici

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#Bitcoin #BTC: Sentiment is increasingly suggesting a possible intermediate bottom. 👀 The key point isn’t the selling itself. The key point is: Bearish sentiment has now surged back into an extreme zone. The 60-day Z-score of bearish social dominance share is currently around 2.83σ, placing it in the 98th percentile. Historically, such levels rarely occurred at the start of a downtrend, but rather during phases when the market had already undergone significant cleansing. In other words: The crowd becomes maximally bearish precisely when selling pressure is often already well advanced. This doesn’t make it a guaranteed bottom signal. But it does increase the likelihood that #BTC is closer to forming a temporary bottom than to initiating a new or further panic decline. For me, this is currently more of an indication of potential stabilization or an intermediate bottom. The chart hasn’t yet confirmed sustained strength. But sentiment has already reached an extreme level that, historically, often appeared during advanced correction phases or near temporary bottoms. Price-wise, BTC remains clearly under pressure. Yet sentiment-wise, the probability of stabilization is rising. Let’s go 💪 KNOWLEDGE IS WEALTH. RECOGNIZE TRENDS. TRADE WITH FORESIGHT. TSC | Trend Serra Capital.

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