$BTC : ARE BUYERS FINALLY TAKING CONTROL ?
BTC has bounced from the $76K area twice now. Buyers are clearly trying to defend this zone, and we might be seeing a double bottom forming on the 1H chart. If selling pressure keeps slowing down and buyers manage to push higher, $78.8K and eventually $81.6K could be next.
But personally, I'm not looking to enter a LONG just yet. I want to see BTC get back above $80K and hold it with a proper 4H or daily candle close. Until then, I don't think there's enough confirmation to trust this recovery.
If the current support fails, the whole bullish idea could change, especially if BTC drops below $75K. For now, I'm just watching. Let's see if buyers can actually take control this time.
BTC has bounced from the $76K area twice now. Buyers are clearly trying to defend this zone, and we might be seeing a double bottom forming on the 1H chart. If selling pressure keeps slowing down and buyers manage to push higher, $78.8K and eventually $81.6K could be next.
But personally, I'm not looking to enter a LONG just yet. I want to see BTC get back above $80K and hold it with a proper 4H or daily candle close. Until then, I don't think there's enough confirmation to trust this recovery.
If the current support fails, the whole bullish idea could change, especially if BTC drops below $75K. For now, I'm just watching. Let's see if buyers can actually take control this time.
