$BTC Bitcoin is facing short-term bearish pressure after declining 5.56%, but its medium-term outlook remains bullish. The $75,000 zone is particularly important because it aligns with the 50-week SMA. Aggressive long liquidations have reset open interest, while funding has returned near neutral. A successful support retest could create a recovery opportunity, but weakness in technology stocks remains a major risk.
đ Bias: Short-term Bearish, Mid-term Bullish | đŻ Entry: $75,000â$75,500 | đĄ Support: $75,000 | đ§ Resistance: $77,950 | đŻ Targets: $76,800 / $77,950 / $80,000 | â Invalidation: Daily close below $74,500.
Strategy: Watch for confirmation of support defense before considering an entry.
#Bitcoin #BTC #CryptoTrading #Binance #BitcoinAnalysis
đ Bias: Short-term Bearish, Mid-term Bullish | đŻ Entry: $75,000â$75,500 | đĄ Support: $75,000 | đ§ Resistance: $77,950 | đŻ Targets: $76,800 / $77,950 / $80,000 | â Invalidation: Daily close below $74,500.
Strategy: Watch for confirmation of support defense before considering an entry.
#Bitcoin #BTC #CryptoTrading #Binance #BitcoinAnalysis
