Bitcoin Bounces to $69K, But Charts Are Still Bearish: Analysis

In brief

• Bitcoin bounced to above $69K after testing $60K lows, up 3.69% in 24 hours, but the daily chart shows strong bearish momentum.
• On Myriad, traders are pricing in 55% odds that Bitcoin touches $55K before recovering, reflecting persistent bearish sentiment.
• The Crypto Fear and Greed Index sits at 8—nearly an all-time low and in “extreme fear” territory.