Trader Eugene: Bitcoin still has room to go down and may test the key psychological level of $66,000

Odaily News Well-known trader Eugene said that the overall trend of Bitcoin (BTC) is still biased downward, and there has not been enough market panic on the high time frame (HTF) to complete the deep cleansing of this cycle.
Eugene believes that although BTC has some support around $76,000 and may even form a double bottom in the $74,000-76,000 area, the probability is gradually decreasing. He pointed out that the upward trend or range of Bitcoin has been destroyed in all time frames, and $75,000 is the last important support.
In addition, he believes that the market will sooner or later test the psychological level of $66,000 in the mind of MicroStrategy founder Michael Saylor, and observe the performance of the market at this level. At the same time, due to the strong correlation between BTC and US stocks, he does not expect a reversal in the short term due to the remarks of Trump, Bessent or Fed Chairman Powell.
Eugene also said that if the US PPI data performs well tonight and drives Bitcoin to rebound to a high of over $80,000, he might consider shorting at high levels.