It's important not to be slow!
$BTC is currently right above the 200-day moving average, key support is $82,574. In the last sell-off we saw support at $78,258, so if the price breaks $82,574, the first target is $78,258, then $76,600–$75,500 – the area of massive liquidations. The global target is $72,000–$70,000.
Such a scenario looks frightening. Michael Saylor will certainly not approve – if BTC drops that low, his company will be at risk of bankruptcy. This will lead to the liquidation of his $BTC , which could further crash the price. It is unlikely that politicians in the White House will allow such a scenario.
Currently, the fear index is 15/100, the market remains under pressure from regular manipulations. This usually happens on Fridays, but this time everyone was shaved on Sunday-Monday. In such moments, it is important not to panic, not to be greedy, but also not to miss opportunities.
At the moment, the price of BTC depends solely on news, and the bearish scenario of a drop to $70,000 remains possible. Everything will depend on specifics regarding the crypto reserve and the approval of ETFs for altcoins. There must be actions, for now only words.
Not financial advice. Trade wisely and earn.