The big pancake has been smashed down!
The high point 80536 kept sliding down all the way, with the low probing to 78750. The short-term long momentum is exhausted, and the market shifts to relatively weak consolidation.
A rebound to the 79600‑79900 range is unable to rise further and shows stagnation/hesitation—consider shorting briefly.
Defense: Above 80550
Targets: 78900‑78750; if it breaks, continue to look at 77900
If 78750 pulls back to this area and then stabilizes/halts the decline, only then can you attempt a short-term long.
Defense: 78400
Targets: 79400‑79600
⚠️ Key reminder
If it directly breaks below the 78750 low, give up the bottom-catching idea immediately—don’t try to catch a falling knife. The next support below to watch is 77900.$BTC
The high point 80536 kept sliding down all the way, with the low probing to 78750. The short-term long momentum is exhausted, and the market shifts to relatively weak consolidation.
A rebound to the 79600‑79900 range is unable to rise further and shows stagnation/hesitation—consider shorting briefly.
Defense: Above 80550
Targets: 78900‑78750; if it breaks, continue to look at 77900
If 78750 pulls back to this area and then stabilizes/halts the decline, only then can you attempt a short-term long.
Defense: 78400
Targets: 79400‑79600
⚠️ Key reminder
If it directly breaks below the 78750 low, give up the bottom-catching idea immediately—don’t try to catch a falling knife. The next support below to watch is 77900.$BTC
