Jiang Wei's Analysis: Bitcoin plummeted off a cliff, dropping 7,000 points in one night. The cryptocurrency market has changed dramatically, and the bearish trend continues. Bulls, take note ⚠️

CN
12 hours ago

Bitcoin has plummeted dramatically. The situation in the crypto world has changed; I previously mentioned that tariffs could lead to a crash in Bitcoin, and that 76,000 would not hold. I didn't expect to wake up to find it had fallen below that level. We watched it drop from 83,000 all the way to 76,000, perfectly reaching a 7,000 point drop. This wave of arrangements should satisfy everyone. When a trend arrives, you must have the courage to hold on; never let yourself become the type of person who can't hold onto profits and stubbornly clings to losses.

In terms of technical structure, the weekly price has been under pressure at the middle and lower bands, forming three bearish candles. A new low has already been breached, and there will be little support below. The bearish trend is likely to continue, and with the emergence of a downward trend, the price will likely test the support at the lower band of 66,000.

Today, Bitcoin can be shorted directly in the 76,600-76,000 range, targeting the 66,000 level.

Follow our public account, for what can relieve worries, only Jiang Wei.

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