Once again, a historically significant pullback. After Bitcoin broke above $80k previously, I expected a structural correction pullback. I didn't expect it to suddenly break downward in a one-sided move without looking back. Our previous long position at 75,000 has already been stopped out at 70k. But choosing to cut losses was the right decision; the market hasn't reversed. After breaking below 70k, it further declined. These days, we should observe for a particularly good entry point to buy the dip. Waiting for a rebound signal is when we will re-enter the market.

In the past two days, Bitcoin's decline has been relentless, actually too much for even the most optimistic traders. It was dragged down forcefully by the market. In this kind of situation, the daily support level is around 65,000. If it can't hold at 65,000, then we can only look at the weekly chart for further downward movement.

The main reason for this sharp drop is primarily liquidity issues. The market has been continuously flowing out. Currently, it's mainly some in-market battles, and there is still ongoing selling. The current trading strategy is to wait until the decline stops before taking action.

Bitcoin trading suggestion: around 65,000, look upward for #BTC