$72K — Bottom or Just a Breather Before the Next Drop?
Look, I'm watching this $72.2K level — and honestly? Doesn't feel accidental. This wasn't a 5-minute liquidation cascade. It's been a slow, methodical squeeze of weak hands over the past few days. Every time BTC tried clinging to $78K–$79K, it got shoved back down harder. And volumes kept rising — this isn't "no buyers," it's real selling pressure.
The hourly chart screams textbook lower highs and lower lows. Bounces? Tiny, lifeless. Feels like buyers here simply don't believe in a reversal yet. $72K is the last stand. Hold above it — maybe we build a base for a bounce to $74K–$75K. But that's just a relief rally, not a trend shift. For a real reversal, we need to reclaim $77K+ and hold it.
Break $72K decisively? Then brace yourself — next real support sits near $68K–$69K. And the path there is wide open.
My take? Market hasn't shown acceptance at these levels yet. Stabilization needs time and volume — neither's here. Risk is clearly tilted down. I'm holding a position, but not going all-in. What's your move — catching this dip or waiting for confirmation the selling's done?
