In the evening, the big BTC move was affected by the U.S. stock market opening lower. The taker volume gathered and released all at once, breaking below the 80,000 support level, and straight toward around 79,000. The good news is that Duodan didn’t exit early—stopping the losses in time. At the moment, it’s not recommended to rush into any action. This pullback very likely will still break below the four-hour-level lower band support. First, watch the 78,000 area. If selling volume continues to expand and it breaks through, it may drop further to revisit 77,000.

BTC-1.54%
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