Trader Eugene: BTC still has downside potential, or may test the key psychological level of $66,000

Odaily Planet Daily News: Well-known trader Eugene indicated that the overall trend of BTC (BTC) is still downward, and there is not enough market panic on the high-time frame (HTF) to complete the Depth cleansing of this cycle. Eugene believes that although BTC has some support around $76,000, and may even form a double bottom in the $74,000-$76,000 range, the probability of this is gradually decreasing. He pointed out that currently, the upward trend or range of BTC has been broken in all time frames, and $75,000 is the final important support. In addition, he believes that the market will sooner or later test MicroStrategy founder Michael Saylor's psychological barrier of $66,000 and observe the market's performance at this level. At the same time, due to the strong correlation between BTC and the US stock market, he expects no reversal in the short term due to statements from Trump, Bessent, or Fed Chair Powell. Eugene also stated that if tonight's US PPI data performs well and pushes BTC to rebound above the high of $80,000, he may consider shorting at the high.