#BTC
Current Situation
Yesterday, two of the three major scenarios became invalid:
The weekly EMA50 moving average has been declared breached
Prices have not shown a divergence-style rebound
Key support is just around the corner:
Higher timeframe support levels are not far away, expected to trigger a rebound
Faint hope: The daily chart has not closed below the previous low of $76,700, the current decline may still form a long lower shadow and rebound
Market Environment:
There are huge gaps above both the U.S. stock market and Bitcoin waiting to be filled
Market sentiment is in an extreme fear zone
Waiting for the reaction after the U.S. market opens
Operational Suggestions:
Stay calm and avoid panic selling
Watch whether the HTF support level can trigger a rebound
If the daily closes below $76,700, then the downside space may further open up
