There’s no need to rush to declare “the bull market is over” just because BTC has dropped this much.
What really matters now are two price levels.
The first is around 83,000.
If BTC can reclaim and hold this level, it would suggest this drop was more like a quick shakeout.
But if 83,000 fails to hold, I’ll start watching the area around 80,000 instead.
I’m not going to jump in just because the price has fallen a few percent, and I’m not going to panic-sell because of one big red candle.
The reason is simple:
What really determines the next move isn’t how much the price fell today, but whether buyers step in after the drop.
So from here, I’m watching just three things:
Can BTC get back above 83,000?
Is trading volume continuing to rise?
And is there clear support around 80,000?
If BTC reclaims and holds 83,000, I’ll lean toward a rebound scenario.
If 83,000 gives way, don’t rush to catch a falling knife.
Do you think BTC will find a bottom around 83,000 this time, or keep heading toward 80,000?
#BTC☀
What really matters now are two price levels.
The first is around 83,000.
If BTC can reclaim and hold this level, it would suggest this drop was more like a quick shakeout.
But if 83,000 fails to hold, I’ll start watching the area around 80,000 instead.
I’m not going to jump in just because the price has fallen a few percent, and I’m not going to panic-sell because of one big red candle.
The reason is simple:
What really determines the next move isn’t how much the price fell today, but whether buyers step in after the drop.
So from here, I’m watching just three things:
Can BTC get back above 83,000?
Is trading volume continuing to rise?
And is there clear support around 80,000?
If BTC reclaims and holds 83,000, I’ll lean toward a rebound scenario.
If 83,000 gives way, don’t rush to catch a falling knife.
Do you think BTC will find a bottom around 83,000 this time, or keep heading toward 80,000?
#BTC☀