Big trouble, brothers!



Yesterday, BTC saw a typical “surge then fade” V-shaped pattern.

It tested the strong resistance at 82,800 but failed to break through; the sell-off pressure was concentrated at high levels.
Then, with a jump in volume, it plunged, broke below the 80,000 threshold, and dipped to a low of 79,500.

Remember, don’t blindly chase shorts first. This is a short-term back-and-forth shakeout, not a major downtrend. Chasing shorts blindly carries an extremely high risk of getting trapped.

Spot ETF institutional funds are still staying long-term, and there hasn’t been a large-scale withdrawal.

Today’s trading plan: go long near 79,500, set a stop loss at 78,800, and target 83,000. $BTC
BTC-1.71%
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