Friends, Bitcoin is currently testing the support level at 72,888, which was the low point set yesterday. The current price is around 73,300.

The key point to watch is whether the 72,888 level can be effectively broken. If the price falls below this level with a significant decline (for example, more than 3,000 points), it could indicate that the market is about to enter a deeper correction.

Tonight's focus is on the US ADP ("Small Non-Farm") employment data, which performed far worse than expected, sparking concerns about the economic outlook. Following the data release, Bitcoin dropped sharply.

Next, we need to closely monitor the battle for the 72,888 support level. If it is effectively broken, the 72,000 to 69,800 range below will become an important defense line. If the price cannot stabilize within this range and continues to fall, it could trigger more intense selling.

Is this recent move a violent shakeout or the beginning of a trend reversal? The answer will soon be revealed!