🔥 Myth-buster: profit taking at $77K isn’t a crash, it’s the market’s built‑in brake that keeps Bitcoin from overheating.
📊 Right now BTC sits at $83,380, down 1.63% with RSI 43.2 and a bearish MACD crossover, while open interest hovers at $7.94 B and funding is +0.0062%—longs are actually paying shorts as profit‑taking pressure builds
#Bitcoin #ProfitTaking.
💡 In every #BullCycle, a series of $77K‑plus spikes followed by sell‑offs signals the transition from hype‑driven rally to the next phase of price discovery, a pattern that precedes the classic 3‑5 shake‑out before a sustained uptrend #MarketStructure.
✅ Today’s actionable move: shift your entry horizon to the weekly chart, respect the $77K resistance as a profit‑taking zone, and consider scaling in on dips below the lower Bollinger band (~16.6% from the top) where smart money still shows net‑long bias (64.8% of top traders).
❓ How are you adjusting your Bitcoin strategy now—holding through the dip, buying the dip, or waiting for a clearer breakout signal?