As we warned in our YouTube recap of the US stock market last Friday, $BTCUSD failed to hold the crucial support level of $80,000. From a technical analysis perspective, once this core support level is breached, it is bound to trigger a large number of automatic stop-loss orders; roughly estimating, this move has already put at least hundreds of millions of dollars' worth of long positions at risk of liquidation. What everyone needs to be aware of is that during the weekend, institutional investors are mostly on vacation, and market liquidity is relatively sparse. In a situation where the buying power is weak, once a concentrated sell-off occurs, prices can easily experience a rapid decline like a sliding scale. The current situation is very critical; if the market cannot rebound and recover lost ground on Monday, it will undoubtedly exacerbate the deteriorating trend for the weekly momentum that has already shown signs of fatigue.