BTC falls below the 77000 mark! Short term collapse followed by fierce competition, resulting in a $160 million stock explosion across the entire network within an hour

Market Overview: Competition for over 77000 yuan: BTC continues to decline, briefly breaking through the $77000 mark and reaching as low as $76916. Currently, the price is still fluctuating and fiercely contested around $77000. Emotions slide into fear: The Panic and Greed Index plummeted from 42 to 28, officially entering the 'fear' range of market sentiment. Explosive data: The bulls suffered a bloodbath: in the past hour, the entire network experienced a stock explosion of up to $160 million, with multiple stock explosions dominating the market, totaling $158 million. Technical aspect: The moving average system is suppressing: prices have fallen below EMA7 (77824) and EMA30 (78994), and the moving average system is diverging downwards. Significant bearish momentum: The 4-hour MACD green bar chart continues to enlarge, indicating significant bearish momentum. Indicator approaching oversold: RSI fell to 31.21, approaching oversold area. Key operational points: Long strategy: Buy at 76000 USDT, buy at 75000 USDT, long with a stop loss of 74500 USDT. Short Strategy: Sell at 78000 USDT, Sell at 79000 USDT, Short Stop at 79500 USDT. Risk Warning: This article is for reference only and does not constitute investment advice.