In my last post I said: If BTC loses $80,264, then back to $79K - $78K.
That is exactly what happened.
BTC lost $80,264 and dumped straight to $75,500 in one candle. Over 5% down. Not because of BTC, but because of US stocks.
Why did it dump?
1. Nasdaq fell 4-5% - AI stocks crashed
2. Midterm fear - Tighter regulation on AI + Crypto
3. $1B+ longs liquidated - Forced selling
This was NOT a normal dump. This was a liquidation cascade.
Where are we now?
Support: $75,500 / $75,000 - This held since August
Resistance: $77,000 / $80,264 - Need to reclaim this
My Plan:
I am NOT panic selling. I am NOT panic buying either.
If $75K holds, we can bounce to $77K - $78K.
If we lose $75K, next is $73K.
Did you panic sell or did you hold?
Be honest in comments.
Not financial advice.
