Bitcoin has just plunged to a little over 88,000, and the short-term technical pattern is now showing a bearish trend. To be honest, I'm starting to worry whether it will actually go down to test support around 74,000. This price action does look a bit concerning—SOL and BNB are also under pressure, and market sentiment is shifting rather quickly.
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OffchainOracle
· 13h ago
They're dumping the market again, what's going on?
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DaoDeveloper
· 12-10 19:49
ngl the 88k breakdown is textbook bear divergence stuff... been seeing this pattern play out before. 7.4k test would be gnarly tho
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TokenStorm
· 12-10 03:12
At the 74,000 level, the data on the chain in the past 72 hours shows that whales have become active again, so let's watch the show honestly
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The technical side makes it clear that the bearish posture is clear, but I bet that the gas fee will fluctuate abnormally at the bottom, and this time I will smash the pot and sell iron
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To be honest, SOL and BNB are a bit fast in this wave, and I feel that someone is deliberately smashing the market to create panic, and the arbitrage space is actually quite tempting
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88,000 yuan was directly smashed, and my leveraged liquidation price yesterday missed a zero, and now it has turned into ashes, which is very much in line with my expectations for myself
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What are you panicking about, Eye of the Storm is the safest, and it is only when it really falls to 74,000 that it is a chance to make a fortune, provided that I am still alive
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The market sentiment reversed so quickly, it seems that there are still too many people with FOMO, and the on-chain data has long given a signal, and everyone who understands it is laughing
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I've seen this technical pattern at least four or five times, and each time there is a 33% rebound room, but today may not be the same... maybe
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Under pressure? It's just a wash, the real short signal depends on the large transfer on the chain, it's still early
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RetiredMiner
· 12-09 22:00
If the 74,000 level really can't hold, it's over. The bears will break through directly.
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CodeZeroBasis
· 12-09 21:58
Can that key support at 74,000 hold? I’m not feeling too optimistic this time.
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ETH_Maxi_Taxi
· 12-09 21:55
74,000? Will it really drop that low? I think that's a bit alarmist.
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MEVVictimAlliance
· 12-09 21:35
Can 74,000 really hold? It feels uncertain.
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OptionWhisperer
· 12-09 21:32
Can we really hold the 74,000 mark? I'm a bit unsure.
Bitcoin has just plunged to a little over 88,000, and the short-term technical pattern is now showing a bearish trend. To be honest, I'm starting to worry whether it will actually go down to test support around 74,000. This price action does look a bit concerning—SOL and BNB are also under pressure, and market sentiment is shifting rather quickly.