Doctor Profit: $76,000 Is Key Bitcoin Support, Bullish Outlook Remains

ChainCatcher report: Renowned trader Doctor Profit posted that although Bitcoin has lost support at the daily EMA50 and MA50 levels around $80,000–$81,000 following this black swan event, it remains within its bullish fractal structure. He emphasized that $76,000 is a critical support level, as a prior breakout from this zone confirmed the start of a bull market. A break below this level would severely undermine bullish sentiment and increase the risk of a drop to $67,000–$69,000; as long as $76,000 holds, he believes there is no need for panic. He views the recent price action as a large-scale washout triggering widespread liquidations and panic selling, and remains confident that the bull market will continue. He stated that he is still holding his long positions opened at $80,400 and all his spot purchases made at $60,000. If Bitcoin breaks below $76,000, he will acknowledge that his recent bullish call around $80,000–$81,000 was incorrect, but he will not shift to a bearish outlook—instead, he will regard the current movement as a cleanup phase before the next upward move.