Bitcoin was hammered by macro risk-off sentiment: post-election AI regulatory concerns plus a 5.5% Nasdaq drop sent BTC crashing from above 81k to 75.2k, before recovering to around 76k in the European session. Total crypto liquidations over 24 hours reached $1.25 billion, including over $250 million in BTC long liquidations. Bitfinex puts the options expiry range at 75.8–80.2k. 21Shares sees a recovery to 80–82k if buying emerges around 76–78k; otherwise, BTC could test 73k.
Technical outlook:
-Support: 75,000 (today's low area) / 73,000 / 70,000
-Resistance: 80,400 (former low turned resistance) / 83,300 / 86,000
-Structure: Futures positioning has improved, but spot buying hasn't returned. Retail inflows to exchanges are increasing, while large wallets are accumulating. Selling pressure has eased, but the trend hasn't turned bullish.
-The bottom line: A leveraged long squeeze, not a fundamental collapse.
Many people only look at a single BTC/USDT candle. For day-to-day market monitoring, you can check the latest cryptocurrency prices on BiyaPay and invest in global assets using USDT. You can also buy products such as US and Hong Kong stocks and forex. Put BTC, the Nasdaq, 10-year US Treasuries, and the US Dollar Index side by side to tell whether this is crypto imploding or a global risk-off move.
Trading plan:
-Conservative: Look for a lower wick around 75–76k and enter with a small position; stop-loss at 74.8k, targets at 78–80.4k.
-Aggressive: Follow if 15-minute volume expands and price holds above 78k; target 80.4k. Exit on a false breakout.
-Risk: If nonfarm payrolls reinforce expectations of higher rates, a daily close below 73k could put 70k in play.
-Avoid: Chasing at 77.5k or panic-selling at 75.2k.
BTC's long-term trend remains intact, but protect 75k ahead of tonight's nonfarm payrolls report. #BiyaPay #Binance will resume withdrawals for more assets
Technical outlook:
-Support: 75,000 (today's low area) / 73,000 / 70,000
-Resistance: 80,400 (former low turned resistance) / 83,300 / 86,000
-Structure: Futures positioning has improved, but spot buying hasn't returned. Retail inflows to exchanges are increasing, while large wallets are accumulating. Selling pressure has eased, but the trend hasn't turned bullish.
-The bottom line: A leveraged long squeeze, not a fundamental collapse.
Many people only look at a single BTC/USDT candle. For day-to-day market monitoring, you can check the latest cryptocurrency prices on BiyaPay and invest in global assets using USDT. You can also buy products such as US and Hong Kong stocks and forex. Put BTC, the Nasdaq, 10-year US Treasuries, and the US Dollar Index side by side to tell whether this is crypto imploding or a global risk-off move.
Trading plan:
-Conservative: Look for a lower wick around 75–76k and enter with a small position; stop-loss at 74.8k, targets at 78–80.4k.
-Aggressive: Follow if 15-minute volume expands and price holds above 78k; target 80.4k. Exit on a false breakout.
-Risk: If nonfarm payrolls reinforce expectations of higher rates, a daily close below 73k could put 70k in play.
-Avoid: Chasing at 77.5k or panic-selling at 75.2k.
BTC's long-term trend remains intact, but protect 75k ahead of tonight's nonfarm payrolls report. #BiyaPay #Binance will resume withdrawals for more assets
