This time it's a crackdown on Hong Kong brokers, starting with the crypto space in September. In November 2026, the Federal Reserve will kick off a rate hike cycle. By then, Bitcoin will shatter everyone's psychological defenses, bottoming out in the $45,000 to $50,000 range, with an extreme wick near $45,000. This isn't fear-mongering; it's the inevitable fate of breaking to rebuild. The $76K previous low support and psychological round number level are currently the primary short-term defensive support zone. The $75K strong round number and volume support level must hold, or bulls need to strictly stop losses below $74.5 USDT. The $77.6K level above is a key resistance zone in the near term, suitable for shorting.