BTC at $76,605, are you still waiting for the “last dip”?

I know how you feel right now. You open your account and see BTC dropped again from 82,000, three failed attempts to break higher, ETF outflows of 635 million in a single day, and over 1 billion in long liquidation across the network. The chips in your hands feel like a hot potato—sell it, fearing it’s the bottom; hold it, fearing it will go back to 70,000.

First thing: Major positive regulatory news lands, but the market chooses to “sell the news.”

On May 14, the U.S. Senate passed the CLARITY Act, finally clarifying the regulatory roles of SEC and CFTC. Kevin Warsh also confirmed as the new Federal Reserve Chair.

This is huge good news—if it’s placed in 2024, BTC could rally by 20%.

And what happened? BTC failed to break above 82,000 for the third time, directly dropping below 77,000. ETF outflows hit 635 million in a single day, and long liquidations exceeded 1 billion.

Second thing: MicroStrategy is buying again, purchasing 2 billion USD worth in a week.

Just as you panic and sell, MicroStrategy bought 24,869 BTC in a week, spending 2.01 billion USD, with an average price of about 80,800.

This company’s total holdings now exceed 100k BTC.

Third thing: On-chain data shows long-term holders haven’t moved at all.

Short-term holders are taking profits above 80,000—that’s a fact. But long-term holders’ share remains unchanged, with whales and institutions continuing to buy.

The dip is because you’re scared. The rise is because institutions are taking your chips.

One side is:

Historic breakthrough in regulatory clarity

MicroStrategy and other companies aggressively accumulating coins

Spot ETF inflows exceeding 58 billion, holding 7% of circulating supply

Long-term structure intact, target 250,000 by 2029

The other side is:

Three failed attempts to break 82,000 in the short term

ETF outflows exceeding 1 billion in a week

High interest rate environment, no rate cuts expected this year

Your friends say “BTC will return to 50,000”

Key level: 76,885, just 1,800 away from the 75,000 bottom.

Resistance above: 80,000 (psychological level) → 82,000 (three failed attempts) → 85,000

Support below: 75,000-76,000 (Fibonacci 0.618) → 70,000-72,000 (ultimate defense)

Short-term traders:

Wait for a dip to the 75,000-76,000 zone to lightly try long positions, stop-loss at 73,500, first target 80,000-82,000. Do not add on a volume breakout above 82,000.

Swing traders:

Wait until the daily close stabilizes above 80,000 before entering, use dynamic take-profit to hold, target 85,000-90,000. Don’t cut at 76,000—once you sell, it will rally.

Long-term hodlers:

DCA in the 75,000-78,000 range with eyes closed, buy more every 1,000 drop. End of 2026 target: 100,000+, in the 2028-2029 halving cycle, look for new highs. Falling below 70,000 is a super buying opportunity.

Bitcoin now is just like March 2020—

Everyone thought “this time is different,” but two years later, it rose from 3,800 to 69,000.

The day 82,000 can’t be broken, you’ll be cursing the market manipulators.

The day 82,000 breaks through, you’ll realize: it’s not Bitcoin that’s the problem, it’s your inability to hold. #TradFi交易分享挑战 #PYTH今日解锁21.3亿枚代币 $BTC $ETH