Crypto analyst Eugene: BTC or testing 66k key level, low probability of short-term reversal

PANews
PANews|3月 13, 2025 08:28
Crypto analyst Eugene stated that the overall trend is still trending downwards, although there is a possibility that BTC has bottomed out at 76k or a double bottom in the 74-76k range, this probability is decreasing over time. He pointed out that structurally speaking, there is currently not enough selling in the market to clear the excess sentiment of this cycle. He expects BTC to potentially fall below Michael Saylor's psychological threshold of 66k and is monitoring the market's performance below that level. It was also mentioned that BTC's upward trend or range has been broken in all time frames, and currently 75k is the last key support level. In addition, he mentioned that BTC has a high correlation with stocks and is not expected to experience a short-term reversal due to policies from Trump, Bessent, or Powell. He said that if PPI data performs well tonight and BTC reaches a high level in the 80k range, he may consider shorting.
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