The relay pattern of this Bitcoin correction has already played out quite thoroughly.

Yesterday, after the interest rate cut news was announced, BTC repeatedly fluctuated at this level, with the 4-hour moving averages showing clear resistance, and multiple attempts to push higher failed to stabilize. Based on the current trend, it is likely to test the support level around $80,000 again.

However, speaking of which, if it indeed reaches the previous low and then shows a volume surge with a rebound, it could be a good opportunity to enter. After all, the stabilization signals following a secondary bottom are often quite solid.