Famous trader: $76,000 is a key support level for Bitcoin, still believes the bull market will continue

Renowned trader Doctor Profit stated that although Bitcoin has lost the daily EMA50 and MA50 support in the $80,000 to $81,000 range after this black swan event, it is still within its bullish fractal structure. He emphasized that $76,000 is a key support level, as breaking through this area previously confirmed the start of a bull market. If it falls below this level, it would severely impact the bulls and pose a higher risk of dropping to the $67,000 to $69,000 range; as long as it holds above $76,000, he believes there is no need to panic for now.

He views the recent market action as a large-scale washout that triggered significant liquidations and panic selling, and he still believes the bull market will continue. He stated that he is still holding long positions opened at $80,400 and all spot purchases made at $60,000. If it breaks below $76,000, he will acknowledge that his bullish judgment in the $80,000 to $81,000 range was incorrect, but he will not turn bearish; he still sees the current trend as a cleansing before the next round of upward movement.