Bitcoin falls below $77,000, market panic intensifies! What's next?
Currently, Bitcoin has dropped to $76,800, down 7.7% from yesterday's $83,194, and market panic sentiment is clearly escalating! How do we respond?
Market panic: 49,022,839,565 skyrocketing $BTC under pressure
Yesterday, the VIX index soared to 45.31, a new high since August 2024, reflecting strong market unease about the future. Trump's tariff policies after taking office and escalating geopolitical conflicts in the Middle East have caused investors to seek safe havens!
As a risk asset, 95,191,969,551 naturally suffers, dropping from a January high of $109,114 to the current $76,800, a decline of nearly 30%. If it falls below $76,000, panic may intensify further, potentially plunging to $72,000!
In this market, the five principles for survival in the crypto space are particularly important:
No leverage: With such large fluctuations now, using leverage is asking for liquidation.
No borrowing to trade crypto: You must use spare money to take risks; preserving capital is most important.
Build a personal brand: Share your views on social platforms, attract opportunities, and don’t just focus on prices.
Keep 5 years' living expenses: The market may continue to fluctuate; you must not run out of living expenses regardless of the market conditions.
Accumulate knowledge: Learn to read on-chain data and fundamentals, and build your own trading framework.
What's next?
In the short term, after Bitcoin falls below $80,000, $76,000 is a key support level. If it can't hold, it may continue to drop to $72,000 or even lower!
However, historical data shows that the average increase for Bitcoin in April is 12.03%, and the VIX being high often signals market bottoms. If we can hold $76,000, a rebound to $90,000 by the end of the month is not impossible!
The famous quote from 118,374,873,50, 'Be greedy when others are fearful, and be fearful when others are greedy,' is one of the core principles of its investment philosophy. This quote emphasizes the importance of contrarian thinking, being cautious when market sentiment is high, and seeking opportunities when market sentiment is low!
In the long term, the continuous entry of institutions and the pro-crypto policies of 82,171,030,585 may still bring positive benefits. I still firmly believe that Bitcoin will reach $1 million before 2030!
Bitcoin at $76,800, is your strategy to buy the dip or continue to watch from the sidelines? 37,591,486,638