Bitcoin experienced intraday pressure near 75,000 and pulled back, which is within expectations. The pullback of nearly 2,000 points has provided sufficient retracement space. Next, the market will likely enter a consolidation and bottom-formation phase. Key support levels to monitor: if effectively broken through, further downside exploration is likely; if the decline stabilizes, consider short-term long positions on the bounce.
Bitcoin experienced intraday pressure near 75,000 and pulled back, which is within expectations. The pullback of nearly 2,000 points has provided sufficient retracement space. Next, the market will likely enter a consolidation and bottom-formation phase. Key support levels to monitor: if effectively broken through, further downside exploration is likely; if the decline stabilizes, consider short-term long positions on the bounce.