【If BTC drops to 70,000, what will those who say “hold long-term” do?】
Honestly, I’ve thought about this question for a long time.
I’ve gone through three pullbacks at this level. In 2017, it dropped 85%. On the day of 312 in 2020, it fell nearly by half. And in the 2022 bear market, it got cut in half again and again. Every time, there are two kinds of people: one is the true believers who add more at lower prices; the other says they believe with their mouth, but their actions are honest—they cut losses.
Now, BTC is down 35% from its peak and has reached the key support at 78551.
From a technical perspective, the daily structure is still consolidating in a high range. But the 4-hour timeframe is getting interesting—while the highs are moving down, the lows haven’t broken. What do you call that? The end of a converging triangle. The 1-hour chart is even clearer: trading volume is shrinking, and both buyers and sellers are waiting.
Those analysts will tell you, “Direction selection is approaching.” That’s true, but it’s not useful.
The real question is: what does this correction mean in practice?
I’ve seen several real signals. The legalization of tokenized stocks has happened—not just slogans, but real implementation. Traditional institutions like Standard Chartered have started making serious predictions about potential altcoin rallies. On REX, a 2x leveraged ETF has been listed, giving large capital a new way to play.
So what does that mean? Institutions are positioning, not just speculating—they’re truly treating this market as an asset class for allocation.
The business logic clicks. BTC is no longer just a “digital gold” narrative; it’s slowly becoming a measurable, allocable asset.
So if it really breaks below 78551—my view is that would be an opportunity, not a risk. Of course, that only applies if this is spare money for you.
What do you think about this? Are you watching from the sidelines this time, or have you already taken action?
Honestly, I’ve thought about this question for a long time.
I’ve gone through three pullbacks at this level. In 2017, it dropped 85%. On the day of 312 in 2020, it fell nearly by half. And in the 2022 bear market, it got cut in half again and again. Every time, there are two kinds of people: one is the true believers who add more at lower prices; the other says they believe with their mouth, but their actions are honest—they cut losses.
Now, BTC is down 35% from its peak and has reached the key support at 78551.
From a technical perspective, the daily structure is still consolidating in a high range. But the 4-hour timeframe is getting interesting—while the highs are moving down, the lows haven’t broken. What do you call that? The end of a converging triangle. The 1-hour chart is even clearer: trading volume is shrinking, and both buyers and sellers are waiting.
Those analysts will tell you, “Direction selection is approaching.” That’s true, but it’s not useful.
The real question is: what does this correction mean in practice?
I’ve seen several real signals. The legalization of tokenized stocks has happened—not just slogans, but real implementation. Traditional institutions like Standard Chartered have started making serious predictions about potential altcoin rallies. On REX, a 2x leveraged ETF has been listed, giving large capital a new way to play.
So what does that mean? Institutions are positioning, not just speculating—they’re truly treating this market as an asset class for allocation.
The business logic clicks. BTC is no longer just a “digital gold” narrative; it’s slowly becoming a measurable, allocable asset.
So if it really breaks below 78551—my view is that would be an opportunity, not a risk. Of course, that only applies if this is spare money for you.
What do you think about this? Are you watching from the sidelines this time, or have you already taken action?