[Bitcoin breaks below 85,000—is this actually the start of the next 6,000-point move?]
82,500 will definitely be broken, and only then will the market move upward.
Bitcoin's triangle consolidation is reaching its end, and a real big move is brewing.
Previously, Lao Jin had already mentioned that after such a triangle consolidation, the market will definitely choose a direction.
But today's market didn't move directly upward; instead, it broke below 85,000, with a low around 83,500.
This has made many people start to panic.
Lao Jin's view is the opposite: this drop may not be over yet.
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First, let's look at the key level
The most important level right now is not 83,500, but the 82,500 area below.
If the market continues downward, Lao Jin believes it will most likely test or even briefly pierce 82,500.
Why?
Because after a triangle breakout, the market often does not move in the direction everyone expects.
It first breaks key support, triggers stop-losses, and then rallies again.
There are too many people already on board, so it's hard for the price to take off easily.
That's why, this time, I'm paying more attention to how the market responds around 82,500.
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Why still bullish on 88,000?
Structurally, the major trend has not completely broken down yet.
The previous triangle formation has already consolidated for a long time; now, the market simply needs to pick a real direction.
If a bottom can form around 82,500 and price reclaims this key level, then the first target is to regain 85,000, followed by the previous high area.
Once it breaks out, the target looks directly at the area near 88,000.
In other words, from 82,500 to 88,000, the range is nearly 6,000 points.
This is the move Lao Jin believes is truly worth watching.
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So don't rush to call a bottom now
83,500 is not the key; 82,500 is the level to watch next.
If we see strong buying appear here and structure turns bullish again, this drop could become the new rally's starting point.
Of course, if 82,500 fails and weakness continues, don't stubbornly hold on—always manage risk before thinking about profit.
The blueprint is drawn; now it's up to the market to confirm.
The October holiday is ending, and the familiar trading rhythm is coming back.
New month, new opportunities.
The market won't wait for everyone; real opportunities often appear when consensus is at its lowest.
