BTC dropped to 77,850 over the weekend.


Two days ago, it was still at 81,999.
Everyone is asking the same question: Will it fall further?
Let's look at the facts:
First, the 80k level has shifted from a "strong support" to a "strong resistance."
After the last dip below it and a rebound to 81,999, it was slapped back down.
Currently, above this level are trapped sellers, below are panic sellers.
Second, weekend trading usually has more traps—low liquidity—
a single 20 million USD order can break through a dozen-dollar stop-loss walls.
Yesterday’s sharp decline was widely seen as a "trend reversal," but the low liquidity over the weekend amplified the volatility.
Third, the decline in altcoins is even more frightening.
NAORI dropped 46% in two days, LAB fell 32%.
The real smart money isn’t watching whether BTC can hold 78K, but rather: with altcoins falling so hard, is there anyone willing to buy the dip below?
This week’s key variable: Can BTC recover to 80K before Monday’s open?
If it can’t, the next target is 75,000.
The only trading strategy over the weekend: hold your hands tight.
Wait until the Asian market opens on Monday, then decide based on volume.
BTC-1.04%
LAB17.26%
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