I’m watching $BTC around $78,157 here.
After that sharp drop, price managed to bounce and is now moving in a tight range just under $78,294 resistance. That tells me buyers are trying to stabilize it, but it still hasn’t fully broken out. Right now this looks more like a retest zone than a clean trend move.
Possible long setup:
Entry: $78,050 – $78,180
Targets: $78,300 → $78,800 → $79,630
SL: Below $77,500
What I’m seeing:
If BTC reclaims and holds $78,294, then the next push can extend toward $78.8K and possibly $79.6K.
But if it keeps failing below that level, then this recovery may just be a pause before another move down.
For me, $78,294 is the key level.
Above it, momentum improves.
Below it, I’d stay cautious because price could revisit the $77.5K area again.
After that sharp drop, price managed to bounce and is now moving in a tight range just under $78,294 resistance. That tells me buyers are trying to stabilize it, but it still hasn’t fully broken out. Right now this looks more like a retest zone than a clean trend move.
Possible long setup:
Entry: $78,050 – $78,180
Targets: $78,300 → $78,800 → $79,630
SL: Below $77,500
What I’m seeing:
If BTC reclaims and holds $78,294, then the next push can extend toward $78.8K and possibly $79.6K.
But if it keeps failing below that level, then this recovery may just be a pause before another move down.
For me, $78,294 is the key level.
Above it, momentum improves.
Below it, I’d stay cautious because price could revisit the $77.5K area again.
