Bitcoin

Key insight

$78,500 (200-day MA) now acting as resistance overhead; failure to reclaim it within 48h raises probability of a test of $73,800 prior consolidation low.

Dropped to $77,589 — below the key $80,000 round number and 200-day MA near $78,500, with ETH leading crypto lower at -3.1% while equities and gold also sell off.

Main risk

Broad risk-off selloff

Equities down across US/Europe, gold -0.6%, ETH -3.1% — coordinated risk-off pressures BTC toward $73,800 support.