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78,000! Bitcoin is about to reach the explosive moment
Long and short positions with hundreds of millions of dollars are fighting at the 78,000-dollar level, and this leveraged graveyard is about to trigger a judgment that will determine the medium-term direction.
The key position is everything; above 78,000-79,000 dollars is a short-term powder keg, and once a volume breakout occurs, it will trigger a chain of short liquidations, rushing straight past 80,000+. The last line of defense is at 73,200 dollars, which is the bulls' critical point; a break below will open a waterfall channel down to 72,000. The current 75,000-77,500 range is a meat grinder, specifically killing leveraged gamblers.
The biggest risk now is a spike; the liquidation pile above 78,000 is mountain-high, and the main force is very likely to fake a breakout first, triggering short liquidations, then reverse spike to liquidate chasing bulls, completing a double kill. Be sure to stay away from high leverage. $BTC