#USNonFarmPayrollReport #TrumpTariffs #USJobsData $BTC To put it simply, here is the short breakdown of why some analysts (like CryptoOnchain) are calling for a drop to $70,000 before any further climb:
1. The "Bait" at $88,000
Bitcoin is currently hovering around $88,000, but it’s struggling to break higher. When the price stays flat like this, it often "hunts" for liquidity. Since there isn't enough buying pressure to push past $90k, the market naturally slides down to where the most people are waiting to buy.
2. The Point of Control (POC)
The POC is the price level where the most trading has happened recently.
* Analysts see a major "gap" between $88k and $70k.
* If the price breaks below the current support (around $84k), there is very little "stopping power" until it hits that $70,000 - $72,000 zone.
3. The "Fever" is Breaking (RSI Divergence)
The RSI (the market's momentum thermometer) is showing that while the price is high, the strength of the buyers is getting weaker. This "divergence" is a classic warning sign that a trend is tired and needs a deep reset.
4. Why $70k is Actually "Good"
* Support Flip: In crypto, yesterday's "ceiling" ($70k was the old all-time high) usually becomes tomorrow's "floor."
* Healthy Reset: Dropping to $70k would be a ~20% correction. This "flushes out" emotional traders and allows long-term investors (the "whales") to load up for a much stronger 2026.
The Bottom Line:
The "Bloodbath" isn't necessarily the end of the bull run—it’s more like a recharging station. If $70k holds, it sets the stage for a massive leap. If it fails, we might be looking at a much colder "crypto winter."
Would you like me to keep an eye on the $84,000 support level for you and let you know if it breaks?
