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$BTC So, what’s the outlook for the market now???
BTC has not been able to hold above the 77,800 level, and has quickly been pushed back to the first major support zone for bulls (around 76,500), and this area has now also been broken. The short-term momentum has clearly weakened.
The market now seems more likely to look for liquidity lower down, with the more obvious support points not above but at lower levels: last night, the mid-term stop-loss at 75,262 was also swept away.
From the overall structure, the probability of a direct drop to around 73,000 is not very high; it’s more likely to first clear out the 75,200 zone, then enter a period of consolidation, and today’s technical rebound.
So, the rhythm is more like: first dip down, sweep liquidity → stabilize around 75,200 and pull back → then decide the next move.
The 73,000 level remains a more critical liquidity zone. Until this level is touched, the market structure is unlikely to be fully adjusted.
The short-term trend has weakened, so look for liquidity below; there are repeated attempts around 75,200, but the real key level is still near 73,000.