Bitcoin is wobbling but holding a key support level after a huge wave of selling, which is bad news short-term but not a sign the long-term trend is broken.

• BlackRock and other ETF providers sold hundreds of millions of dollars worth of Bitcoin on Friday, driven by investors cashing out of ETF shares, not a change in BlackRock's own outlook.
• That dump added to pressure already caused by a recent Binance hack and a rough couple of days in US tech stocks.
• Bitcoin broke below a support zone and is now resting on a lower level, with weak upward momentum expected to continue for now.
• Ethereum, XRP, Solana, and Chainlink are all showing the same pattern of weakness, with modest bounces possible but no strong rally expected.
• The weekend offers a pause since US stock and ETF markets are closed, which could mean calmer price action until markets reopen.

Outlook: Expect a small relief bounce or sideways drift through the weekend, with another test of lower support likely once stock markets reopen next week.

## Bitcoin Levels

• **Bias:** Bearish short-term, cautiously bullish long-term
• **Buy / accumulate:** $75,000–$76,000 zone
• **Support:** $75,000–$76,000 (key short-term support)
• **Resistance:** $80,000–$82,000 (former support, now resistance)
• **Targets:** $76,200–$76,300 (liquidity zone to the downside); $76,000 as next major downside target if support breaks
• **Invalidation:** A confirmed close below $75,000–$76,000 support