Bitcoin just took another massive hit! After forming a local range, the bears stepped in with heavy volume, breaking the structure (BOS) and pushing the price down to $74,772. We are currently testing a deep discount support zone, and the long lower wicks show that bulls are trying to fight back at the bottom.
Is this the final flush, or is a drop to $73k next?
🎯 Key Levels to Watch: 🟢 Support: $74,000 - $73,500 (The crucial floor to hold) 🔴 Resistance: $75,600 (Moving Average) & $79,000 (Equilibrium)
💬 QUICK QUESTION FOR YOU: Will $BTC BOUNCE from $74k or BREAK down further? Reply with 'BOUNCE' or 'BREAK' below! 👇
(Want to trade this setup? Click on the $BTC cashtag above!)