Flying Fish Midnight Urgent Call (Reaching the 70k level again): Bitcoin hit a high of 73,7XX last night at dawn. We aggressively gained 8,000 points in this wave! Today, there's a cliff-like plunge of 3,000 points! Bitcoin volume dropped below 71,000, is this an abyss stare or the ultimate washout by the main force? #BTC $BTC

🎉 On the 2nd, everyone was advised to buy the dip at 66,000; since then, we've gained over 8,000 points! A 12.29% increase. Achieved target 3. Target 4 requires a broader perspective! Congratulations to everyone! For short-term setups, protect your principal; for medium- and long-term holdings, continue to hold! Don’t get shaken out! Ignore these small fluctuations! 🎉
Brothers, good evening! Just now, the weekend’s calm was ruthlessly broken, and Bitcoin staged an extremely bloody high-platform plunge! #BTC $BTC
Currently, the price is firmly pressed near 70,730, causing friction. Strip away all market noise, and use the most hardcore trading language to analyze the underlying logic of this midnight crash. In this panic moment, stay calm and steady!
🔥 Latest situation deep review (Facing the bloody bottom of the sell-off)
15-minute death staircase: Look at this 15-minute chart! Bitcoin started a “beheading” type decline from above 73,000, with a brief weak resistance around 71,500, but then the bears regained strength, volume surged, and broke through the 71,000 support zone, with the current price approaching 70,727. This relentless unilateral downward move indicates that short-term bulls have been completely crushed, and panic selling is intensively releasing.
4-hour structure breakdown: Enlarging the view to the 4-hour chart, the situation is even more severe. An extremely terrifying large red candle directly pierced through multiple short-term moving averages, swallowing most of the recent gains. Profit-taking at high levels is fleeing at all costs, and the trend has shifted from a previous strong squeeze to a short-term weak bottoming process.
Steady your mind (Remember the macro top at 126k): Is the short-term drop making your scalp tingle? Broaden your perspective! The ultimate peak of this macro bull market is around 126k. The main force is now aggressively selling off, essentially conducting a brutal “violent deleveraging” halfway up the bull market. In the face of this 2,000–3,000 point drop, don’t let emotions lead you to blindly catch falling knives. Strictly trade on support and resistance levels; that’s the key to survival!
1. Support and Resistance Levels (Late-night precise calculation version)
🟢 Short-term support (1-3 days, seeking panic extremes)
70,500: Immediate support. Psychological barrier at a big round number. Late at night, the bears are very likely to test the support strength around 70,000.
68,500: Strong support. From the 4-hour chart, this is a previously tested bottom zone, heavily guarded by bulls.
66,500: Core support. The super liquidity bottom that was tested during the recent dip; if broken, short-term will fall into an endless abyss.
🔵 Mid-term support (1-2 weeks, wave-building zone)
64,500: Major structural support level of life and death.
60,000: The macro bull-bear century bottom, a consensus zone across the entire network.
58,000: Extreme black swan defense level.
🔴 Short-term resistance (1-3 days, rebound high-pressure zone)
71,000: Immediate resistance (top-bottom reversal). The lower boundary of the recent sideways consolidation broken on the 15-minute chart. Support has turned into resistance, becoming the first hurdle for a rebound.
72,000: Strong resistance. The halfway resistance on the 4-hour chart caused by the large red candle, trapping many short-term traders eager to buy the dip.
73,000: Core resistance. The starting point of this death waterfall; without massive positive news, it’s impossible to break through in the short term.
🟠 Mid-term resistance (Targeting the 126,000 divine level)
73,800: Absolute heavy pressure near the previous high.
76,000: Stage expansion resistance level.
126,000: Macro historical top (ultimate big boss).