safubtcpurc

Recently, the sharp decline in the cryptocurrency market has left many retail investors in a panic. BTC has dropped from over 90,000 to a low of 74,500 and is currently rebounding to around 78,000, entering a tug-of-war between bulls and bears. Market sentiment has fallen into the 'extreme fear' zone, and many are asking: When will this wave of decline bottom out? Can Binance's SAFU fund's 1 billion USD BTC purchase plan truly support the market? Today, combining the latest market data and official actions, I will explain the current BTC trend logic and operational strategy, so you won't panic after reading.

First, let's look at the core market data, which is key to determining the market bottom: BTC's current short-term support level is 74,500 - 75,000 USD, which is an important accumulation zone over the past 3 months. If this level is broken, there is a high probability it will test the 70,000 mark again. The strong resistance level above is 79,300 - 80,000 USD, which has shifted from a previous support level to a pressure level, making it very difficult to break through. This is also a critical watershed for short-term rebounds. From a technical indicator perspective, BTC's 14-day RSI has fallen to the extreme oversold range of 28-30, but there is still no bottom divergence signal. This means that although the downtrend has slowed, there is currently no clear reversal signal, and blindly bottom-fishing can easily lead to being trapped.