Greeks.live: Most traders are eyeing the $74,000-76,000 area as a potential downside target

Odaily News Greeks.live macro researcher Adam published an English community briefing, which pointed out that the community is generally bearish, and some people hope for a short-term rebound correction before continuing to fall. Most traders are looking at the $74,000-76,000 area as a potential downside target, some see $87,000 as resistance, and there is also a lot of discussion about the possible short squeeze before the upcoming CPI data. Traders believe that the current market is undergoing an aggressive but orderly decline, with an expected target of $75,000, which is consistent with the 365-day volume-weighted average price.