$BTC is sitting around $78,200 after ripping nearly $15K from $63,300.
The structure still looks healthy: higher highs, higher lows, and buyers defending the range.
$77,800 is the key local support. Below that, $75,500–$76,000 becomes the zone to watch.
But the big test is $81,270 — the weekly 50 MA.
Two scenarios now:
Hold $78K + break the trendline → $83K comes into play.
Lose $78K → $76K could be tested before Friday.
And with Jackson Hole just two days away, I don’t expect this range to stay quiet for long.
The next BTC move could come fast.
The structure still looks healthy: higher highs, higher lows, and buyers defending the range.
$77,800 is the key local support. Below that, $75,500–$76,000 becomes the zone to watch.
But the big test is $81,270 — the weekly 50 MA.
Two scenarios now:
Hold $78K + break the trendline → $83K comes into play.
Lose $78K → $76K could be tested before Friday.
And with Jackson Hole just two days away, I don’t expect this range to stay quiet for long.
The next BTC move could come fast.
