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BTC has fallen below $80k, repeatedly swinging around $77k. Some are busy buying the dip, while others are already preparing to cash out. The crypto market feels like a never-ending drama every day. The difference is that other people pay for a streaming subscription to watch, while we might lose our principal chasing the market.
This decline can’t simply be attributed to leveraged positions being flushed out. The market is also being affected by factors such as declining macro risk appetite and security incidents at trading platforms. More than $1.5 billion worth of crypto positions have been liquidated, showing that leveraged risk has indeed been concentrated and flushed out—but the end of liquidations doesn’t mean the decline is over.
Technically, around $80k has shifted from psychological support to a key resistance level to watch. If BTC can’t reclaim it soon, the rebound may just be a breather on the way down. Key areas to watch below are $76k, $75k, and $73k.
I’d rather wait for BTC to regain a firm footing above $80k, then see if it can challenge the $82k–$84k range. Until that’s confirmed, I’d rather miss out on some gains than rush to catch a falling knife.
True experts don’t rush in every time prices fall; they know when to act and when to sit back and have some tea.
Opportunities are never in short supply. What’s scarce is the capital to make it to the next bull market! #每周来晒 #BTC跌至7.7万美元 $BTC $GOOG