Bitcoin is back at the 76,000 yuan mark again. On the 13th it dipped to 76,500, closed at 76,800. After the rebound on the 11th to 79,900, that momentum wasn’t held—now it’s grinding again right along 76,000.
This time is different from the past few days. The last time it pierced 76,000 was driven by panic selling, and the next day it was pulled back. This time it’s been a slow, downward drift—no sudden plunge. The sell orders have been persistent; each rebound is weaker than the last, and volume can’t pick up either.
My take is straightforward: the 76,000 line is more dangerous on the second test than on the first. If it breaks through with increased volume, don’t fantasize about a V-shaped reversal—look straight at 75,000 instead. Conversely, if it can still hold, and it manages to reclaim 78,000 with volume, then—only then—can it be considered fully washed clean. At this point, you shouldn’t rush into action. Wait for the direction to reveal itself.
#比特币 #BTC #Market analysis
This time is different from the past few days. The last time it pierced 76,000 was driven by panic selling, and the next day it was pulled back. This time it’s been a slow, downward drift—no sudden plunge. The sell orders have been persistent; each rebound is weaker than the last, and volume can’t pick up either.
My take is straightforward: the 76,000 line is more dangerous on the second test than on the first. If it breaks through with increased volume, don’t fantasize about a V-shaped reversal—look straight at 75,000 instead. Conversely, if it can still hold, and it manages to reclaim 78,000 with volume, then—only then—can it be considered fully washed clean. At this point, you shouldn’t rush into action. Wait for the direction to reveal itself.
#比特币 #BTC #Market analysis