BTC just lost $80K support. Now at $78,768 📉
What my chart shows:
1. Below all EMAs: Price is under EMA(7) 80,210, EMA(25) 80,425, EMA(99) 79,642. That’s bearish short term 2. RSI(6) = 27.26: Oversold. Last time RSI hit 27 was May 3 at $74,937 – we bounced 10% after 3. High to low: Dropped from $82,850 high to $78,698 low = $4K wipe in days
Why it’s dumping today:
Fed confirmed fewer rate cuts + Iran-Israel oil tension + $576M liquidations. Market got scared, leveraged longs got wrecked.
Practical take for small traders:
1. Don’t panic sell now: RSI oversold means bounce likely, but it’s NOT financial advice 2. P2P warning: When BTC dumps fast, USDT/PKR spreads widen. Check rates before you exit 3. What I’m doing: Watching $78,000 support. If it holds, relief bounce to $80K possible. If it breaks, $75K next
Red candles don’t mean crypto is dead. It means emotions are high and logic is low.
You panic selling or waiting this out? Be honest 👇
#Bitcoin #BTC #CryptoCrash #Trading #BinanceSquare
#TA $BTC