According to Cas Abbé, Bitcoin ($BTC) has once again touched the 0.618 Fibonacci support level, a level that previously marked significant bottoms at $25K and $49K. This technical indicator suggests potential support for $BTC below $80K, which traders might consider when assessing market entry points. Historical patterns indicate that this level has been a reliable indicator for Bitcoin's price corrections, making it a crucial point for traders to monitor. [Source: @cas_abbe]

According to BitMEX Research, their trading strategy is primarily focused on Fibonacci increments. This suggests that they may use Fibonacci retracement levels as key indicators for making trading decisions in the cryptocurrency market.