[Bitcoin breaks below 85000, is it instead the starting point for the next wave of 6000 points?]

82500 will definitely break, and then the market will move upwards.
The Bitcoin triangular oscillation has reached its end, and a real big fluctuation is brewing.

Previously, Lao Jin had mentioned that after such triangular consolidation, a direction must be chosen.

But today’s market did not go directly upwards, instead, it broke below 85000, hitting a low around 83500.

Many people began to panic upon seeing this.

Lao Jin's judgment is exactly the opposite: this drop may not be over yet.

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First, let’s look at the key positions

Currently, the most important thing is not 83500, but the area around 82500 below.

If the market continues to move downwards, Lao Jin believes there is a high probability it will test or even briefly pierce 82500.

Why?

Because after a triangle breaks, the market often does not move in the direction everyone expects.

First breaking below key support, clearing those who are overly optimistic, then rebound again.

There are too many people in the market, making it hard for it to take off easily.

Therefore, this time, I am more concerned about the support situation around 82500.

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Why still look at 88000?

From a structural perspective, the overall trend is not completely deteriorated.

The previous triangular pattern has completed a long period of consolidation, and what the market needs is a real choice of direction.

If the area around 82500 can stop the decline and regain the key position, then the first target above is to reclaim 85000, followed by the previous high region.

Once it breaks through, the target directly looks towards around 88000.

In other words, from 82500 to 88000, the space approaches 6000 points.

This is the market movement that Lao Jin thinks is truly worth paying attention to.

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So don’t rush to guess the bottom now

83500 is not the key, 82500 is the position that needs to be observed next.

If there is clear support here, and the structure turns strong again, then this round of decline may instead become the starting point for the next wave of increase.

Of course, if 82500 is lost and continues to show weakness, we cannot hold on stubbornly; trading always looks at risk first, then talks about profit.

The script has already been drawn, and now it’s up to the market to validate it.

The October holiday is coming to an end, and the familiar trading rhythm is returning.

New month, new opportunity.

The market will not always wait for people; the real opportunity often comes when the differences are the greatest.

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