Bitcoin’s wick really stung. Around 8 a.m. this morning, the price plunged to a low of 73,500, and the key intraday defense level at 75,000 has now been completely lost. The situation is awkward here: if bulls can’t reclaim the core 75,000 - 76,000 zone soon, the structure that had been holding up under pressure will truly have broken down. Keep a close eye on these key levels: Lost resistance zone: 75,000 - 76,000. Once support, now resistance; if price can’t rebound above it, this zone will be a prime area of selling pressure. Lower defense: if the 73,500 low is confirmed broken a second time, price could head straight for the major liquidity vacuum zone at 72,600 - 69,000. Once downside opens up, sentiment could easily collapse. Trading strategy:

Don’t blindly try to catch a falling knife on the left side in this market. If you’re holding shorts, move your stop to breakeven and follow the trend; if you’re out of the market and want to go long, keep your hands off for now and wait until price reclaims 75,000 on strong volume from the right side, or until genuine buying support appears near a lower support level (around the 70,000 mark). Protecting your capital matters more than anything. Stay steady, everyone!