BTC returns to 80,000, large buy orders take effect
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According to large order data, after major selling pressure was realized, BTC price fell from 81,759 to 79,669. Although buy orders exceeding 60 million US dollars were filled earlier, the decline did not immediately stop. However, support appeared when the price retraced to 79,800–79,700. Currently, BTC has returned above 80,000.
Short-term focus:
- Bulls: If it stabilizes above 80,000, watch for a rebound to 80,200–80,300; a breakout here could lead to 81,000.
- Bears: Monitor whether support continues. If the price falls below 79,800–79,700 again, consider the continuation of bearish momentum.
Short-term focus:
- Bulls: If it stabilizes above 80,000, watch for a rebound to 80,200–80,300; a breakout here could lead to 81,000.
- Bears: Monitor whether support continues. If the price falls below 79,800–79,700 again, consider the continuation of bearish momentum.
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