BTC falls below the 77,000 mark! Intense battle after brief drop, $160 million liquidated across the network in one hour

Market Overview: 77,000 Long-Short Battle: BTC continues to decline, briefly dropping below the 77,000 USDT mark and reaching a low of 76,916 USDT. The current price is still hovering near 77,000 USDT, with intense tug-of-war and fierce competition. Sentiment Slips into Fear: The Fear & Greed Index plummeted from 42 to 28, officially entering the "Fear" territory. Liquidation Data: Longs Suffer Heavy Losses: In the past 1 hour (UTC+8), total network liquidations reached as high as 160 million USDT, with long position liquidations dominating at 158 million USDT. Technicals: Moving Average Suppression: Price has fallen below the EMA7 (77,824) and EMA30 (78,994), with moving averages diverging downward. Bearish Momentum Prominent: The 4-hour MACD green histogram continues to expand, showing strong bearish momentum. Indicator Nearing Oversold: RSI has dropped to 31.21, approaching the oversold region. Key Action Levels: Long Strategy: Entry 1 at 76,000 USDT, Entry 2 at 75,000 USDT, long stop-loss at 74,500 USDT. Short Strategy: Entry 1 at 78,000 USDT, Entry 2 at 79,000 USDT, short stop-loss at 79,500 USDT. Risk Warning: This article is for reference only and does not constitute investment advice.