The market is undergoing strong fluctuations. Approximately $300 million in long positions of $BTC has been wiped out in just a few hours, causing the price of this cryptocurrency to drop to around $66K. At the same time, Nasdaq also fell into correction territory and the total market value of the US stock market lost $1 million. This not only reflects the weakness of crypto but also indicates an increase in global risk. Macro pressure is clearly evident: liquidity is tightening, risk assets are being repriced, and $BTC once again moves in sync with traditional markets. Currently, the price is at a crucial level, where it needs to reclaim $70K, while the bullish momentum shows signs of weakening, making $60K the next liquidity target. Many traders are facing liquidation and panic, making decisions based on emotions, while smart investors remain patient and monitor reactions at important price levels. Will $BTC be able to drop to $60K before recovering and reclaiming the $70K mark? What is your trend - up or down from here?
