$BTC just flushed $72K and liquidated a ton of longs. Classic shakeout move. Everyone's asking if this is the bottom.
Honestly? Could be. These violent wicks usually clear out the leverage before a bounce. But also could just be the first leg down if macro stays ugly.
Watch how price reacts here. If we reclaim $72K quickly and hold, that was your flush. If we grind lower and can't get back above, then the real pain might just be starting.
Don't try to be a hero catching knives. Wait for structure.
Honestly? Could be. These violent wicks usually clear out the leverage before a bounce. But also could just be the first leg down if macro stays ugly.
Watch how price reacts here. If we reclaim $72K quickly and hold, that was your flush. If we grind lower and can't get back above, then the real pain might just be starting.
Don't try to be a hero catching knives. Wait for structure.