Bitcoin crashes to $62K as panic selling peaks — buy the dip ahead of U.S. gover
Thesis
Bitcoin has experienced a severe crash, wiping out billions in leveraged positions and scaring traders out of the market. While this sounds purely negative, massive panic sell-offs like this often mark the exact moment right before a major price bounce. Adding to the chance of a rebound, the U.S. government is actively moving forward with plans to create a strategic Bitcoin reserve, which would create massive new demand. Betting on Bitcoin to recover from this panic is a classic buy-when-others-are-fearful play backed by upcoming government policy support.
Strategy approach
Build a mean-reversion long strategy for BTCUSDT on the 4-hour (H4) timeframe. Enter long when the price crosses above the lower Bollinger Band (20, 2) and the RSI(14) crosses above 30 from oversold territory. Exit when the price touches the upper Bollinger Band or RSI(14) exceeds 70. Implement a 5% stop loss below the entry swing low.