📉 BTC is trading within a broadening wedge on the 1h timeframe, approaching the lower support boundary after a sharp decline. Price is showing signs of stabilization near the trendline, creating room for a potential recovery. If buyers defend this zone, the projected move points toward the strong resistance level at $78,635. A breakdown below the wedge support ⚠️ would invalidate the bullish recovery scenario.
📊 FACT - U.S. spot Bitcoin ETFs recorded $1.28 billion in net outflows last week, signaling weakening institutional demand.
🛡️ FACT - Post-election regulatory uncertainty in the U.S. and the recent $6 billion Binance theft are adding pressure to crypto market sentiment.
🔑 Key Levels
🚧 Resistance: $78,635
🛡️ Support: $73,300–$73,500
BTCUSDT
Perp
74,464.7
-1.87%
