先生_Rehan17

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🎁 $BTC Bitcoin is trading near $76,830 as market uncertainty grows ahead of US midterm elections. Technology stocks are declining, while investors remain cautious. ETF outflows and changing market sentiment are adding pressure. Traders are watching $76,000 support and $80,000 resistance.

$BTC


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Previously, I posted that there was about a 50% chance that 79k would be the bottom of this cycle. I’ve seen quite a few people say that news and fundamentals cannot affect the market. Here’s my response:

Technically speaking, news usually does not have a significant impact, or it only causes short-term emotional swings in candles at the edges of the price structure.

However, just as a brief light rain doesn’t affect driving, what if it were a sudden superstorm that only happens once in a hundred years?

Don’t treat anything as absolute.

I stand by my view: if no black swan event occurs this time, the cycle’s turning point will most likely be just a brief dip below the 79.4 area.
A break below 79 would mean the market needs a longer period of correction. For now, $BTC will begin oscillating within a range of 72–78.5.

#BTC will not fall below 71.588.
That’s my belief!

The 76.4 support level is holding up very well; it’s truly an extremely strong support zone.
I hope the price can break below this support zone, as that would provide a very good opportunity to add to a position in the future using right-side trading.
#baisha #BTC price trend analysis

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