BTCUSD price experienced violent fluctuations, falling below the key support of $80,000 during the day, reaching a minimum of $79,933, with a 24-hour drop of more than 7%. It triggered the liquidation of more than 210,000 people, with a liquidation amount of $583 million.
Although the Trump administration announced the establishment of a strategic reserve of 200,000 bitcoins, the market found that it mainly relied on confiscated assets rather than incremental purchases, and the positive expectations quickly dissipated.
The net outflow of Bitcoin ETF for three consecutive weeks exceeded $1.5 billion. Institutions such as Goldman Sachs and ARK reduced their positions, MACD dead cross, and the weekly line fell below the 50-day moving average, triggering stop-loss selling.
After Bitcoin fell below the psychological mark of $80,000, the panic index dropped to "extreme panic"
The current market leverage ratio is high, and violent price fluctuations are prone to cause chain liquidations. Traders need to carefully control their positions.
In the short term, Bitcoin may continue to be weak, paying attention to the support levels of $78,000 and $75,000.
If traders have any questions about the market, they can leave a message to David.
If you don’t know when to enter the market, you can follow me. I will release the specific signals in real time in the trading center, so stay tuned.
BTCUSD BTCUSD
Although the Trump administration announced the establishment of a strategic reserve of 200,000 bitcoins, the market found that it mainly relied on confiscated assets rather than incremental purchases, and the positive expectations quickly dissipated.
The net outflow of Bitcoin ETF for three consecutive weeks exceeded $1.5 billion. Institutions such as Goldman Sachs and ARK reduced their positions, MACD dead cross, and the weekly line fell below the 50-day moving average, triggering stop-loss selling.
After Bitcoin fell below the psychological mark of $80,000, the panic index dropped to "extreme panic"
The current market leverage ratio is high, and violent price fluctuations are prone to cause chain liquidations. Traders need to carefully control their positions.
In the short term, Bitcoin may continue to be weak, paying attention to the support levels of $78,000 and $75,000.
If traders have any questions about the market, they can leave a message to David.
If you don’t know when to enter the market, you can follow me. I will release the specific signals in real time in the trading center, so stay tuned.
BTCUSD BTCUSD 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.