TechFlow news, November 21 — According to the latest weekly report (#2025-161) from Matrix on Target, Bitcoin has now entered an extreme fear zone, with market sentiment dropping to a rare low not seen in nearly a decade.
Main Points
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Surface phenomena vs. underlying signals: Although current panic sentiment may create the illusion of "fear reaching bottom, risks cleared," data analysis reveals important hidden signals that traders have yet to notice
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Technical indicator divergence: Several indicators that previously issued warnings ahead of the October downturn have now swung to the opposite extreme, but this does not mean risks are over; some key indicators are showing clear divergence from price
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Ongoing macro factors: The macro pressures behind this sell-off have not eased, and the coming weeks will be critical in determining whether Bitcoin stabilizes or enters a deeper correction phase



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