📉 BTC is down more than 4% in 24 hours. Can it hold the 70K level?
A few days ago, BTC was still battling for 80K. Now it has fallen below $71,000, and market sentiment has cooled again.
This time, it’s not just short-term leveraged liquidations. 👀
💰 ETF outflows continue, testing the spot market’s ability to absorb selling pressure
📊 CPI came in above expectations, making the market more cautious about the Fed’s interest rate policy
📉 The 70K round-number level is approaching, and bulls and bears are divided again
Some believe the consecutive declines have already released some risk, and a rebound may emerge around 70K; others worry that funds have yet to return and the market may continue to fall.
Is this downturn short-term panic, or is the market still searching for a true bottom?
💬 If it were you, would you look for opportunities in stages around 70K, or wait for BTC to reclaim 73K before acting?
Come to Gate Square with #BTC跌4% to share your market outlook, actual trades, or trading review.
This time, are you ready to buy the dip, reduce your position, or keep waiting?

The broader trend remains unchanged; this rebound is merely a technical correction
[Position Entry Details]:
$ZEC Price fell below 890.50 around midday, met support and rebounded. A clear bearish candle formed below, followed by a rally that created a V-shaped reversal structure. The overall move was a correction. Market depth showed a relatively even balance between long positions and large orders, but retail traders were increasingly chasing longs, suggesting a new wave of major-player activity. I chose to follow them in, entering at 936 with a stop-loss at 920. Before the evening session opened, the price was pushed up but met resistance just below the 1,000 mark, reaching 992. The bullish candle had a prominent wick, indicating considerable overhead pressure, so I exited to secure profits.
$ETH Likewise, the afternoon pullback formed a reversal structure, but trading in major coins was complex. The rally was also moving too quickly, suggesting a possible pump driven by buy orders placed at the bottom. I expected a quick pullback once those orders were absorbed, so I stayed out and waited for the trend to become clear. In the evening, market depth showed substantial inflows, indicating a technical correction was taking shape. I chose to follow the major players in, entering at 1957.62 with a stop-loss at 1935. As before, I exited along with them after a bullish candle formed.
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[Ended] Has the bottom formed? Is it time to buy the dip?