The big pancake slowly rebounded last night, reaching a high near 79,380, then started to pull back. The number #BTC hit a low again this morning and pulled back to touch last Friday’s low at 76,900 with a wick; it then rebounded, topping out near 78,200 before continuing to pull back. Currently it’s hovering around 77,500. Only if it can stabilize above 78,000 can it continue to move upward. Pullbacks around 76,900 are already the second test; if it drops further, it may need to reach the 76,500–75,500 range before it’s likely to rebound.

