$BTC The current market situation isn't actually complicated; the key is no longer "will it fall," but rather—how deep are the major players prepared to wash out?

Around 79,400, 79,100, and 78,800, there are a large number of long stop-losses and liquidation zones stacked, with liquidity clearly laid out below. Major players are likely to sweep through these levels.

Next, there are roughly two possible scenarios:

First, they push to around 78,800 to wipe out long positions, then quickly pull back.

This is considered a normal shakeout, the structure is still healthy, and there’s still a chance to continue pushing upward later.

Second, they directly smash around 77,200, thoroughly clearing out the longs from this rally, then make a strong rebound. This pattern leans toward the accelerated distribution phase in the late stage of a bull market, and risks should start to be guarded against.

Now it depends on how deep the major players want to wash out; if 77,000 can hold steady, overall there’s not much problem. If 77,000 can’t be maintained, then don’t see this as just a normal correction anymore—what follows might not be as simple as small oscillations.