The big sell-off has just begun! Is “Big Cake” really about to get smashed down to 70,000? Will next week completely turn things upside down?

In just three short months, “Big Cake” has been pulled up hard from 59,800 all the way to 82,800—an increase of nearly 23,000 points!

With such a massive rally, it has accumulated an enormous amount of profit-taking. A pullback, a shakeout, and even a deep drop were always only a matter of time. Now that the price has started rolling back after hitting the overhead resistance near the 82,800 ceiling, this drop isn’t just a small correction—the sell-off is only warming up!

First, look at the support level at 79,500-80,000. If it can’t hold, then it will keep sliding all the way down. Remember this: any decent rebound afterward is just an opportunity for us to refill positions and buy the dip. Whatever you do, don’t see it tick up a couple times and get tempted to chase long—then end up catching a flying knife!

Also, the harshest main leg down will most likely only officially “explode” after next Wednesday. There’s a major event landing next Thursday—old hands know this: whenever something like that ends, the US stock market immediately turns bullish to cash in, and then flips and plunges. Our crypto market has always been dragged along and suffers the same fate. Next week, the entire market landscape will change completely!

With the current trend, heading toward 70,000 isn’t meant to scare anyone—“Knifehead’s” big show is only just getting underway! $BTC $ETH