A drop in BTC to 70k will shake out the "goyim" (retail/weak hands) and wipe out the leveraged positions of both longs and shorts; the market will be cleansed, and only then might a rally begin.

👀 Fakich
A drop in BTC to 70k will shake out the "goyim" (retail/weak hands) and wipe out the leveraged positions of both longs and shorts; the market will be cleansed, and only then might a rally begin.

👀 PifagorTrade
▪️Took profit on 60% of a BTC short position near 79.6k (average entry: 81,200; 2% profit).
▪️Plans to close the remainder at 78.2k, while setting up a grid of long entries slightly lower, targeting 82k.
▪️If the price moves toward 82k from current levels, he will add to his short position, targeting 78.2k.

👀 MrMozart
▪️Falling below 79.5k could trigger a cascade of liquidations down to the 72–76k range, so holding the 79.5k level is crucial.
▪️Previously noted that there are no major obstacles to testing 88k, as long positions are not currently overextended.

👀 BitcoinAdept
▪️BTC has broken below the 50-period moving average; a correction toward 74–76k is likely—where the 100-period moving average sits—after which the uptrend should resume toward 92–95k.

👀 InvTrading
▪️Anticipates a local correction in BTC to the 73–75k range, where he will look for entry points.
▪️From a macro perspective, BTC has broken above a trendline—historically a signal that a bull market is beginning—though he remains skeptical, noting that the 58k bottom arrived earlier than expected.

👀 Mukhtov
▪️Bulls have been accumulating long positions near key support levels; it would be healthy to sweep the local low a couple of times and execute one final, decisive downward squeeze. He’ll be looking for long positions there, after which an upward reversal is possible.

👀 Trader8020
▪️Placed a limit order to go long on BTC at $70,858

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