Bitcoin Defends $78.3K Support as Stocks, Oil Diverge
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Bitcoin tracked broader risk-off flows during Tuesday's Wall Street open, sliding in tandem with US equities even as crude oil pushed to a three-month high. That divergence between commodities strength and crypto weakness has put fresh pressure on BTC's chart structure.
Analysts flagged $78,300 as the level that must hold to prevent a deeper correction. A clean break below this zone would likely accelerate liquidations and open the door toward lower demand areas, while a bounce could stabilize sentiment heading into the next session.
With macro correlations tightening, traders are watching whether Bitcoin decouples from equity weakness or continues to trade as a high-beta risk asset alongside stocks.