BTC 1-hour chart's big bearish candle, the destructive power is fully unleashed!

From $73,777 straight down to $71,270, a drop of over $2,500 within an hour, directly crushing the bulls' hopes.

• Moving average system immediately turns: MA5 drops below MA10 and MA20, a bearish arrangement forms instantly, signaling a complete reversal of the short-term trend.

• Trading volume surges dramatically: The volume on that downward candle is three times the recent average volume, indicating it's not a volume-decreased decline but genuine selling pressure and panic selling.

• Key support level breaks: The short-term support around 72,500 was directly breached, now only the support at 71,000-71,200 can be watched to see if it can hold.

This sharp decline is most likely caused by a chain reaction of leveraged liquidations, triggering a stampede effect. With market liquidity poor now, buying orders can't absorb the selling pressure at all.
In the short term, don't blindly buy the dip; first watch the support at 71,000. If it breaks, we're heading toward 70,000.
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