Interesting - I am currently following how Chris Burniske from Placeholder is monitoring several critical Bitcoin levels. At $80,000 (November low) and $74,000 (April low), he apparently sees important entry points if it goes there. The $70,000 from the 2021 high is also mentioned, plus $58,000 based on the 200-week moving average. What surprised me: the $50,000 mark is seen as a psychological threshold - below that, the "BTC is dead" narrative could resurface. Burniske apparently plans to hold his position and diversify during rebounds, but if it continues to decline, he would buy more Bitcoin and certain crypto assets. The Placeholder team seems to be taking a more opportunistic approach rather than panicking and selling. An interesting strategy for this market phase.