$BTC is testing a critical support around $73,300–$73,500, and sellers are putting serious pressure on this zone.
The latest rejection from $75,500 shows buyers are struggling to regain control.
My view:
Bearish: A clean break below $73,300 could open the way toward $72,500 and potentially $71,500.
Bullish: If buyers defend this zone and reclaim $74,500, we could see another recovery attempt.
I wouldn't call the breakdown confirmed yet. Watch the 1H candle close below $73,300.
If this support breaks, downside could accelerate.
The latest rejection from $75,500 shows buyers are struggling to regain control.
My view:
Bearish: A clean break below $73,300 could open the way toward $72,500 and potentially $71,500.
Bullish: If buyers defend this zone and reclaim $74,500, we could see another recovery attempt.
I wouldn't call the breakdown confirmed yet. Watch the 1H candle close below $73,300.
If this support breaks, downside could accelerate.
