Kenny Choi | GoatCryptoGains

BTC is currently trading around 77.2K, moving sideways near the bottom after a strong bearish move that reached the weekly EMA200.

🎯 PREVIOUS VIEW: FULL TARGET HIT

• The downside scenario toward the weekly EMA200 and the 77K area has played out as expected throughout the week.

• The strong liquidation event warned about in recent videos has also materialized, with nearly $1.5 BILLION liquidated.

• Adding further pressure to market sentiment, Binance, the world's largest crypto exchange, has reportedly experienced a major security breach.

🔎 TECHNICAL ANALYSIS

• 15M – 1H: Starting to transition into a technical recovery after two consecutive oversold moves and a reaction around the daily EMA200. The immediate recovery target is the 77.8K – 78.3K supply zone.

• 4H – 1D: Still maintaining an expanding bearish structure. However, selling momentum is weakening, making another sharp downside move less likely without fresh selling catalysts.

Timeframes are currently not aligned. BTC may continue moving sideways through the afternoon and evening to normalize RSI conditions and build up fresh liquidity.

Regarding market sentiment, traders are still showing interest in buying the dip despite becoming more cautious following recent negative news. Funding rates remain neutral, suggesting sentiment has not fully shifted in either direction.

🎯 EXPECTED SCENARIO

1️⃣ Morning – Afternoon: A technical rebound toward 77.8K – 78.3K.

2️⃣ After the rebound: Expect multiple sideways swings within an estimated 1 – 1.3% range, allowing the market to accumulate fresh liquidity.

3️⃣ If dip-buying pressure remains strong, BTC could still squeeze another $1K toward the upper 78K region.

⚡ TRADING PLAN

Today's strategy is to capture short-term moves across the expected range while reducing position size due to elevated volatility.

🟢 LONG: Around 76.4K

🔴 SHORT: Around 78.3K

⏰ These levels are valid for the morning and afternoon sessions. For the evening session, we'll wait for further price action before providing an updated plan.

⚠️ IMPORTANT

The previous chart setup has already reached its full targets. We now need to reassess market positioning and wait for a new price structure to develop.

There isn't enough data yet to confirm the next major move, so avoid forcing predictions before the market provides confirmation.

Reduce volume. Control risk. Wait for confirmation.

🐐 GOATCRYPTOGAINS | KENNY CHOI

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