I’m looking at $BTC /USDT hovering right around 78,473 after that recent push up, but honestly, the momentum looks like it's stalling a bit here.
Price is sitting just under the visible MA60 at 78,064, which is acting as immediate support. However, the real zone I’m watching is that cluster of highs near 78,670. That’s the ceiling for now. We’ve got a nice range forming between that level and the recent lows around 77,958. For me, this is a classic wait-and-see setup.
If we see a clean break and hold above 78,670 with volume, I’d be interested in a long play. The risk is that we reject this level again and roll over toward the lower end of this box.
📍 Entry: Above 78,670 (wait for a 15m or 1H close above)
🎯 TP1: 79,800 (visible recent high)
🎯 TP2: 80,500 (extension based on range)
🛑 Invalidation: Below 78,064
If price loses the MA60 at 78,064, I’d step away from this setup because the whole short-term structure would shift back into the lower half of the range. The volume isn’t screaming breakout yet either, so I’m not in a hurry. Let’s see how it reacts at the top.
Price is sitting just under the visible MA60 at 78,064, which is acting as immediate support. However, the real zone I’m watching is that cluster of highs near 78,670. That’s the ceiling for now. We’ve got a nice range forming between that level and the recent lows around 77,958. For me, this is a classic wait-and-see setup.
If we see a clean break and hold above 78,670 with volume, I’d be interested in a long play. The risk is that we reject this level again and roll over toward the lower end of this box.
📍 Entry: Above 78,670 (wait for a 15m or 1H close above)
🎯 TP1: 79,800 (visible recent high)
🎯 TP2: 80,500 (extension based on range)
🛑 Invalidation: Below 78,064
If price loses the MA60 at 78,064, I’d step away from this setup because the whole short-term structure would shift back into the lower half of the range. The volume isn’t screaming breakout yet either, so I’m not in a hurry. Let’s see how it reacts at the top.