Gold prices plummeted, triggering a pullback in BTC; $80,000 is the last stand for bulls.
Currently, BTC has broken out of the $84,000-$95,000 trading range on the daily chart and is further testing the previous low of $80,000. If bulls fail to recover $84,000 in the next few days, and even break below $80,000, it will trigger a new round of sharp declines, targeting the support zone of $70,000-$74,000.
In terms of trading strategy, the decline will not stop until $84,000 is recovered in time, indicating a clear downtrend. We are currently holding no spot positions and observing the market, while futures trading remains primarily short. $BTC
Daily Support Levels: $80,000, $74,000
Daily Resistance Levels: $84,000, $90,000