Bitcoin reached 73000$ after losing $80,000. While the price remains below $75,600, my main scenario is a continued decline toward $72,000. A move back above 75600$ could trigger a rebound to $78,000, but for a full reversal, I want to see the price move back above $78,000. After the sharp sell-off, at least a billion dollars’ worth of liquidations have occurred. There is some stabilization now: over the past 4 hours, spot and futures trading volumes have increased, but the delta is locally neutral. Some players are taking profits, while others are buying; there is no clear dominance by strong buyers. Sentiment remains bullish among Binance’s top traders and according to the put/call ratio on Deribit. But the current level remains risky for futures longs: the market could still take out the local low before moving sideways. As for the markets, gold looks stronger than crypto and is trading around 4,100, while the indices are still in correction and crypto indices are weak. The perpetuals sector looks especially weak, while the meme sector is outperforming the others, although there is little confirmation so far. $BTC #BTC Watch on YouTube: https://youtu.be/t2Al8KQ4VBw