BTCUSDT Update:
Bitcoin flushed down to the 74,500 support, grabbed liquidity, and is now stabilizing around 77,800. The bounce shows sellers are losing momentum, but price is still below major moving averages, so this looks more like accumulation after a breakdown, not a confirmed reversal yet. Big wicks highlight aggressive buying at lows and cautious selling above.
Key levels:
Support: 74,500 – 75,000
Range / Accumulation: 76,500 – 78,500
Resistance: 79,200 – 81,000
My take: As long as BTC holds above 75k, this range can act as a base, but real strength only comes after reclaiming 81k+.
Question: Is this smart money building positions, or just a dead-cat bounce before another move down?
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