$BTC End the week with relatively good recovery!
🔹However, due to news pressure,
$BTC quickly decreased to the 85k support zone for the weekly frame, and the target may very well test the bottom of 80k, with the drop reaching over 4% at one point.
🔹After a rapid crash, the general sentiment can easily be influenced by fear. There may be additional sell-off orders from short-term investors causing high volatility and potentially pushing prices down to lower support levels, so be cautious about this.
🔸In summary, the short-term trend is very unpredictable and leans towards strong downward volatility right after the crash. Whether prices can hold at important support levels will determine if
$BTC can quickly recover or enter a deeper adjustment phase.
🔸The currently important support zone is 80k or even possibly testing the tail zone so before that is 75k. It is necessary to closely monitor this price range; if the price cannot hold above that support zone, worse scenarios may occur.
🔸This is entirely personal opinion and viewpoint, not investment advice. All decisions are yours; what do you think about the crash on Monday morning today?
#BTC #PanicSell