[Urgent Analysis] BTC plunges to 71,300! After both bulls and bears are wiped out, where is the ultra-short-term opportunity?


Brothers, beware of big volatility! Just today, influenced by external news, BTC rapidly dropped near $71,300, causing a quick wipeout of both bulls and bears, with extreme fluctuations.
Key level: The $71,000–$71,300 zone becomes the most important psychological and technical support area for the day. Once a volume-driven breakdown occurs, the next support may look toward the $70,000 round number.

Technical signals: From a higher timeframe perspective, this rally and pullback happened near the upper boundary of a triangle consolidation pattern, which is a "failed breakout" structure, increasing short-term uncertainty.

Ultra-short-term response strategies:

Aggressive bottom fishing: Only when the price quickly touches $71,000 and a 5-minute long lower shadow appears, can you lightly position for a rebound, targeting 100–200 points, with a stop-loss below $70,800.

Rebound shorting: If the price rebounds to the $72,000–$72,300 resistance zone but trading volume diminishes, it can be seen as a short-term shorting opportunity, with a stop-loss above the previous high.

Currently, the market is dominated by news sentiment, and technical analysis may fail in the short term. Be sure to trade lightly and watch your stop-loss like an eagle!

Did you dodge this plunge? Do you think the support at $71,000 can hold? Like, comment, and share your real trades! $BTC
BTC-1.84%
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