$BTC Opening the week: plunged to 73,510 overnight, then rebounded to 75,200
$BTC On Monday morning, it was trading around 75,222 USDT, down 0.75% over 24 hours, with a volume of about 760 million USDT. The 24-hour range: 73,510–76,200 USDT — considerably wider than Sunday's narrow range.
The most notable move was the overnight plunge to 73,510 USDT, breaking below yesterday's low of 75,571, before dip-buyers pushed the price back above 75,000. The new week has begun cautiously after a series of outflows from ETFs last week, and the reopening of the US market tonight will be the first test of this rebound.
Knowledge corner: a dip below a previous low followed by a quick recovery is often called a “liquidity sweep”—the price briefly visits an area below where stop-loss orders are clustered before reversing. The 73,500 USDT area is therefore a short-term support level to watch: if the price returns to this area and holds above it, the rebound still has a basis; a decisive break below it would clearly increase selling pressure.
Do you think $BTC 's rebound will hold when the US market opens tonight, or will the price return to test the 73,500 area?
(Not investment advice)
$BTC On Monday morning, it was trading around 75,222 USDT, down 0.75% over 24 hours, with a volume of about 760 million USDT. The 24-hour range: 73,510–76,200 USDT — considerably wider than Sunday's narrow range.
The most notable move was the overnight plunge to 73,510 USDT, breaking below yesterday's low of 75,571, before dip-buyers pushed the price back above 75,000. The new week has begun cautiously after a series of outflows from ETFs last week, and the reopening of the US market tonight will be the first test of this rebound.
Knowledge corner: a dip below a previous low followed by a quick recovery is often called a “liquidity sweep”—the price briefly visits an area below where stop-loss orders are clustered before reversing. The 73,500 USDT area is therefore a short-term support level to watch: if the price returns to this area and holds above it, the rebound still has a basis; a decisive break below it would clearly increase selling pressure.
Do you think $BTC 's rebound will hold when the US market opens tonight, or will the price return to test the 73,500 area?
(Not investment advice)
