Bitcoin has lost an important level, and the next reaction is worth watching closely.
$BTC is trading around $76.9K after a sharp daily selloff, with the previous $79.8K support now turning into resistance. Price is also below the daily Supertrend at $83.4K, keeping the short term structure under pressure.
Key levels on my radar:
Support: $76.3K, then $74.5K
Resistance: $77.2K, $79.8K and $82.5K
Holding above $76.3K could give buyers room for a relief bounce. But reclaiming $79.8K is important before calling this a meaningful recovery.
Bitcoin needs to show some strength here. For now, protecting support is the priority.
#BTC
$BTC is trading around $76.9K after a sharp daily selloff, with the previous $79.8K support now turning into resistance. Price is also below the daily Supertrend at $83.4K, keeping the short term structure under pressure.
Key levels on my radar:
Support: $76.3K, then $74.5K
Resistance: $77.2K, $79.8K and $82.5K
Holding above $76.3K could give buyers room for a relief bounce. But reclaiming $79.8K is important before calling this a meaningful recovery.
Bitcoin needs to show some strength here. For now, protecting support is the priority.
#BTC
