Big B (Bitcoin) is currently around 81,400. The 82,000 level was broken today, and it broke with volume, not just a fake-out. Once this level is broken, the downside opens up. 80,000 is the next psychological barrier and also the key cost line repeatedly emphasized by Glassnode. If 80,000 is breached, the 78,000 to 76,000 range becomes a vacuum zone. The resistance above has now dropped to 82,500–83,000. Only if it reclaims 83,500 can we say this wave of decline has come to an end. I know a lot of people are thinking about bottom-fishing right now because ETFs are flowing in, MVRV has dropped to 25.7%, entering the historical accumulation zone, Google search interest is at a six-year low (which Willy Woo calls a contrarian buy signal), and Swan’s Klippsten also mentioned that record-holder supply suggests an early bottom. All these signals are valid, but they are mid-term signals, not today’s buy signals. Today’s buy signal depends on one of two things: either the 80,000 level holds with a strong rebound, or we see a long lower wick followed by a confirmation green candle the next day. Until one of these two things happens, any attempt to catch the bottom is like catching a falling knife, as the bulls are still being cleared out, and this clearing process usually doesn’t end in just one day. Be patient and wait it out—opportunities are born from the dips!