#BTC As mentioned yesterday morning, 820-823 is the previous dense short liquidation zone, so yesterday's surge to 828 was a direct signal to open short positions.

After the shorts were liquidated in bulk, there was no counterparty support, and the market naturally retreated and adjusted.

Breaking below the 80k integer level intraday dealt a significant blow to market sentiment; once it drops below 794, it will test support at 785.
If the support at 785 cannot hold, the bullish trend cannot be established, and the market will further decline, with funds fleeing accordingly. This is a situation the main players do not want to see.

Currently, the key support level must be protected by the main players with volume support. Just now, the spot market has already seen 9 large transactions totaling about $30 million, so there is still a chance for a rebound.
This rebound does not need to be greedy; if it reaches the 805–810 range, it’s best to exit immediately. #BTC回调