🔥Bitcoin continues to plummet! The truth behind the decline + precise long and short entry points revealed🔥



BTC surged to 82,842 then continuously plunged for several hours, now at 79,863, a daily drop of over 2.2%.

The main negative factors this time: the Federal Reserve's rate cut expectations have been significantly delayed, market risk appetite has cooled; BTC spot ETF funds continue to flow out, institutional buying is weak; massive long positions at high levels are concentrated and forced liquidations triggered a stampede; technical analysis shows a 4-hour MACD death cross and bearish divergence triggering a deep correction.

Short-term support at 79,300-79,500 for stabilization, can attempt long positions; strong support at 78,200; a rebound to 80,800-81,100 that does not break can be used to short, with 82,850 as the critical line between long and short positions.

⚠️This is only market analysis and does not constitute investment advice. Be sure to strictly control position sizes and set stop-losses carefully.
BTC-1.63%
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