#WhenWillBTCRebound? WhenWillBTCRebound? Bitcoin Faces Critical Oversold Conditions
Bitcoin is attempting to stabilize after recent sharp declines, with BTC/USDT trading at $78,543 and posting a modest 1.89% gain. The market remains fragile, characterized by low liquidity, wide bid-ask spreads, and extreme fear (F&G Index 17), setting the stage for potential short-term rebounds if conditions improve.
Short-term support sits near $78,513, while daily support at $74,601 remains the key downside threshold. Resistance between $79,104 and $79,169 must be overcome for any sustained relief. Current p