📉 Bitcoin's "Black Thursday" — Is the $84,000 Support Holding?

📉 Bitcoin's "Black Thursday" — Is the $84,000 Support Holding?

The crypto market is facing its toughest test of 2026 so far. Following a tech-led selloff and concerns over AI over-investment, Bitcoin ($BTC) has dipped to a fresh yearly low, touching the $83,240 – $84,000 range.

While the "Digital Gold" narrative is being challenged by a surging physical Gold price ($5,500+), smart investors know that these high-volatility events often precede the strongest accumulation phases.

🔍 Key Market Metrics Today:

Current Support: $83,800 is the line in the sand. A break below could see us testing the $80,600 November floor.

Liquidations: Over $1B in leveraged long positions were wiped out in 24 hours—flushing out "weak hands."

The Macro Driver: Markets are reacting to the potential nomination of Kevin Warsh as the next Fed Chair, leading to a stronger Dollar and a temporary retreat from risk assets.

🛡️ Survival Strategy:

Don't Revenge Trade: Volatility is at a 3-month high. Forced entries during a "flush" often lead to losses.

Watch the RSI: On the 4-hour chart, BTC is approaching "Oversold" territory. Look for a bullish divergence before entering.

Altcoin Rotation: Solana ($SOL) and RWA tokens have dropped more than BTC (avg. 7%+). If BTC stabilizes, these are likely to lead the bounce-back.

Bottom Line: This isn't a "death cross"—it's a liquidity grab. The long-term institutional path toward $120k+ remains intact, but the road is getting bumpy.

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