While the market is flooded with fear, I’m seeing something very different.
Bitcoin
$BTC just printed a sharp -4.25% move, dropping from around $78K to an intraday low near $68.3K. Social media is full of bearish predictions, but this price action looks more like a classic shakeout than the start of a major collapse.
Here’s what I’m watching:
📉 Moving Average Breakdown
Yes, BTC sliced through both the MA(7) and MA(25). On the surface, that looks bearish. But sharp breakdowns like this often trigger panic selling and force weak hands out of the market.
⚡ Leverage Flush
The speed and intensity of this 4-hour selloff resemble a liquidation cascade. These moves are designed to wipe out overleveraged longs before the market can establish a stronger base.
🛡️ Key Support Test
Bitcoin is now testing an important psychological support zone. Whether this level holds or not will likely determine the market’s next major move.
The big question:
Is this the bottom and a buying opportunity, or are we headed toward the $65K region before the next rally begins?
I’m staying alert and watching the reaction around current support levels closely.
What are your targets from here?
⏳$BTC Are you buying the dip, waiting for confirmation, or sitting safely in USDT?