74,000 has been broken again! Just now, BTC dipped to a low of 73,990. Where’s the promised rebound?

$BTC ‌
Originally, it gained over 2% in 24 hours, but was immediately knocked back down. Why? Two reasons:

First, it’s the last day of tax season over in the US, and many people are selling coins to cash out and pay taxes, with an estimated $2.8 billion being realized.
Second, things are unstable outside; the oil situation hasn’t settled down, and funds are fleeing to safe havens. Who’s still playing with high volatility?

Now the futures market is even worse, both longs and shorts are holding on desperately. Negative funding rates combined with rising open interest might cause a sudden spike in the middle of the night—either a short squeeze or a long squeeze.

Technically, if 73,500 doesn’t hold, look toward 70,000. There’s still selling pressure at 75,000–76,000, and it’s not going to break through easily for a while.

Sentiment has already dropped to “Extreme Fear,” a score of 12. Take a moment to reflect.
#加密市场回升
One last question: at this level, do you choose to play dead or place a short at 75,500 and bet it won’t go higher? Let’s see who’s real in the comments. 👇