Tillie Wiebusch KjLM

$BTC is facing renewed selling pressure, trading around $76,000–$78,000 amid a broader stock-market selloff. BTC recently dropped below $80,000 as investors reduced exposure to risky assets.
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Technical analysis
Support 1: $75,000

Support 2: $73,200

Resistance 1: $80,000

Resistance 2: $81,300

Market outlook
Bullish scenario: A recovery above $80,000 could open the way toward $84,000.

Bearish scenario: A break below $75,000 could expose Bitcoin to further downside.

Key factors: US interest rates, institutional ETF flows, and stock-market sentiment.

Reuters
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My view
Bitcoin remains under short-term bearish pressure. I would watch the $75,000 support level carefully. A strong recovery above $80,000 would provide a more convincing bullish signal.

Conclusion: Cautious until BTC regains $80,000. Avoid excessive leverage during this volatility.
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