BTC is correcting hard!
BTC rejected the $78k level and dropped below $76k, breaking its previous bullish structure. The next support zone is between $74k and $73,800, with the latter being the key support. If we don't see a bounce or recovery, it could set the stage for further declines in BTC.
We can't rule out bounces, but the concern is that they could just be retracements before continuing to drop.
$BTC
BTC rejected the $78k level and dropped below $76k, breaking its previous bullish structure. The next support zone is between $74k and $73,800, with the latter being the key support. If we don't see a bounce or recovery, it could set the stage for further declines in BTC.
We can't rule out bounces, but the concern is that they could just be retracements before continuing to drop.
$BTC
