$BTC — 1H Chart Read 📊
BTC has lost the 1H structure from the previous chart. The rejection from $79.6K turned into a steady sequence of lower highs, and the price is now trading below the Supertrend at $77,590.
The bounce from $75,605 is decent, but so far it looks more like a relief bounce than a confirmed reversal. Current market commentary also has the $76K–$76.7K area as key support, with resistance building around $77.1K–$78.4K. (Bitcoin News)
Key levels
Resistance: $77,160
Major resistance / Supertrend: $77,590
Reclaim zone: $78,000+
Support: $76,280
Major support: $75,605
Next downside: ~$74,800
Short setup
Entry: $77,150–$77,550 on rejection
SL: $78,150
TP1: $76,300
TP2: $75,605
TP3: $74,800
I’d prefer the retest into $77.2K–$77.6K rather than shorting BTC at $76.87K after it has already bounced from the low.
The biggest thing standing out in your screenshot is the order book: 89.82% asks vs only 10.18% bids. That heavily favors sellers at this snapshot, although order-book ratios can change very quickly.
Bullish flip
If BTC gets a clean 1H close above $77,590 and holds the level on retest, I’d stop looking for the immediate short. That could open a move toward $78.0K → $78.4K, with $79K becoming relevant again.
For now, though:
Bias: Bearish below $77,590.
Best setup: Sell the retest, not the dump.
The $75,605 low is the key line. Lose that cleanly and the downside structure gets considerably more interesting.
#BTC
BTC has lost the 1H structure from the previous chart. The rejection from $79.6K turned into a steady sequence of lower highs, and the price is now trading below the Supertrend at $77,590.
The bounce from $75,605 is decent, but so far it looks more like a relief bounce than a confirmed reversal. Current market commentary also has the $76K–$76.7K area as key support, with resistance building around $77.1K–$78.4K. (Bitcoin News)
Key levels
Resistance: $77,160
Major resistance / Supertrend: $77,590
Reclaim zone: $78,000+
Support: $76,280
Major support: $75,605
Next downside: ~$74,800
Short setup
Entry: $77,150–$77,550 on rejection
SL: $78,150
TP1: $76,300
TP2: $75,605
TP3: $74,800
I’d prefer the retest into $77.2K–$77.6K rather than shorting BTC at $76.87K after it has already bounced from the low.
The biggest thing standing out in your screenshot is the order book: 89.82% asks vs only 10.18% bids. That heavily favors sellers at this snapshot, although order-book ratios can change very quickly.
Bullish flip
If BTC gets a clean 1H close above $77,590 and holds the level on retest, I’d stop looking for the immediate short. That could open a move toward $78.0K → $78.4K, with $79K becoming relevant again.
For now, though:
Bias: Bearish below $77,590.
Best setup: Sell the retest, not the dump.
The $75,605 low is the key line. Lose that cleanly and the downside structure gets considerably more interesting.
#BTC
