BTC Market Update
BTC saw a sharp sell-off from the 90,000–90,500 resistance, triggering heavy long liquidations and panic selling. The breakdown below multiple moving averages accelerated the move, sending price straight into the 75,500 liquidity zone, where strong buy-side interest appeared.
The long lower wick from 75,500 shows aggressive absorption by buyers, indicating this move was more of a liquidity sweep and leverage reset rather than pure spot-driven selling. After the sweep, BTC bounced and is now moving sideways around 78,000, suggesting short-term stabilization.
However, price is still trading below key resistance and major MAs, so trend strength has not returned yet.
My Take:
This crash looks like a forced correction to clean excess leverage, not the end of the market. The bounce from 75,500 is encouraging, but for a real recovery, BTC needs time to accumulate and reclaim higher levels. Until then, volatility and choppy price action are expected.
Question:
Do you think 75,500 is the final bottom, or will the market need another liquidity sweep before a proper recovery starts?
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