Bitcoin is once again retesting the key support level at 73,500. The key technical support zone on the weekly chart is facing its toughest test yet.
Many retail traders see repeated retests and assume a crash is coming, but the underlying logic of trading is often the opposite: a second bottoming attempt is a necessary step in establishing a solid base. As long as the area around 73,500 can form a clear double bottom or a false breakdown followed by a reclaim, this is likely to be the true interim bottom of the current deep correction.
So far, bearish momentum has not worsened into a high-volume breakdown. Instead, selling pressure near the support zone is gradually easing. Spot holders should avoid panic selling. For the short term, treat 73,500 as the key line in the sand, and watch closely for signs of stabilization below and opportunities for a rebound.
$BTC #BTC #王哲crypto #Market Analysis
Many retail traders see repeated retests and assume a crash is coming, but the underlying logic of trading is often the opposite: a second bottoming attempt is a necessary step in establishing a solid base. As long as the area around 73,500 can form a clear double bottom or a false breakdown followed by a reclaim, this is likely to be the true interim bottom of the current deep correction.
So far, bearish momentum has not worsened into a high-volume breakdown. Instead, selling pressure near the support zone is gradually easing. Spot holders should avoid panic selling. For the short term, treat 73,500 as the key line in the sand, and watch closely for signs of stabilization below and opportunities for a rebound.
$BTC #BTC #王哲crypto #Market Analysis