$BTC Rejected the PRZ — Is $76K About to Break?
Bitcoin reacted exactly as expected from the Potential Reversal Zone (PRZ) at $79,400–$80,250 and started to move lower.
BTC then broke below the important $77,500 trading level, confirming additional short-term weakness and allowing the bearish move to extend further.
I closed the position using a Trailing Stop, allowing the trade to remain open during the decline while protecting the accumulated profit as price moved in our favor.
Now, the focus shifts to the $76,000 area.
If bearish momentum remains strong, Bitcoin could extend the correction below this level. However, after the recent decline, a bullish reaction from lower support and liquidity areas should also be considered.
For now, the loss of $77,500 keeps short-term pressure on BTC.
What comes first?
🔴 Break below $76,000
🟢 Bullish reaction before $76,000
Bitcoin reacted exactly as expected from the Potential Reversal Zone (PRZ) at $79,400–$80,250 and started to move lower.
BTC then broke below the important $77,500 trading level, confirming additional short-term weakness and allowing the bearish move to extend further.
I closed the position using a Trailing Stop, allowing the trade to remain open during the decline while protecting the accumulated profit as price moved in our favor.
Now, the focus shifts to the $76,000 area.
If bearish momentum remains strong, Bitcoin could extend the correction below this level. However, after the recent decline, a bullish reaction from lower support and liquidity areas should also be considered.
For now, the loss of $77,500 keeps short-term pressure on BTC.
What comes first?
🔴 Break below $76,000
🟢 Bullish reaction before $76,000
