🚨 BTC | 79.5K temporary rejection… and correction so far still healthy
BTC hit a peak at 79.5K, then pulled back to 76.66K, while the bullish structure remains strong.
📊 Daily picture:
RSI dropped to 65.17 after the previous overbought condition → a healthy cooldown of momentum.
Price is still above MA50: 71.63K and MA200: 65.58K.
MACD remains strongly positive, with continued high trading volumes.
🎯 The key criterion: 🟢 Hold above 71.6K, then reclaim 79.5K → possible continuation upward.
🔴 Losing 71.6K → a deeper correction, with the next watch zone around 65.5–65.8K.
📌 Summary:
The rejection at 79.5K doesn’t mean a Bull Trap right now; on the contrary, the RSI pullback alongside price staying above MA50 supports the idea that the market is digesting the momentum. We’re watching price behavior at 71.6K—don’t chase the move.
⚠️ For discussion only, not a recommendation.$BTC
#BTC100K
BTC hit a peak at 79.5K, then pulled back to 76.66K, while the bullish structure remains strong.
📊 Daily picture:
RSI dropped to 65.17 after the previous overbought condition → a healthy cooldown of momentum.
Price is still above MA50: 71.63K and MA200: 65.58K.
MACD remains strongly positive, with continued high trading volumes.
🎯 The key criterion: 🟢 Hold above 71.6K, then reclaim 79.5K → possible continuation upward.
🔴 Losing 71.6K → a deeper correction, with the next watch zone around 65.5–65.8K.
📌 Summary:
The rejection at 79.5K doesn’t mean a Bull Trap right now; on the contrary, the RSI pullback alongside price staying above MA50 supports the idea that the market is digesting the momentum. We’re watching price behavior at 71.6K—don’t chase the move.
⚠️ For discussion only, not a recommendation.$BTC
#BTC100K