$BTC
I’ve been watching this BTC structure closely, and the interesting part isn’t the current red candle. It’s what price does around the levels forming underneath it.
BTC pushed up toward $82.3K, but that move was rejected. Since then, price has been moving lower, with BTC now around $79.4K.
The first level I’m watching is $79.95K. BTC needs to reclaim this area to show that buyers are starting to regain control.
Above that, $81.27K becomes the next important resistance, while the recent $82.3K high remains the bigger level to break.
On the downside, $78.6K is the key support visible on this chart. If that level fails, $77.3K becomes the next area to watch, followed by the recent low around $76.26K.
So for me, the setup is simple:
Above $79.95K → strength can build toward $81.27K and $82.3K.
Below $78.6K → downside pressure could increase toward $77.3K and potentially $76.26K.
BTC is sitting in the middle of these levels right now, so I’d rather watch the reaction at support and resistance than chase the current move.
$BTC #BTC #Crypto #binance
I’ve been watching this BTC structure closely, and the interesting part isn’t the current red candle. It’s what price does around the levels forming underneath it.
BTC pushed up toward $82.3K, but that move was rejected. Since then, price has been moving lower, with BTC now around $79.4K.
The first level I’m watching is $79.95K. BTC needs to reclaim this area to show that buyers are starting to regain control.
Above that, $81.27K becomes the next important resistance, while the recent $82.3K high remains the bigger level to break.
On the downside, $78.6K is the key support visible on this chart. If that level fails, $77.3K becomes the next area to watch, followed by the recent low around $76.26K.
So for me, the setup is simple:
Above $79.95K → strength can build toward $81.27K and $82.3K.
Below $78.6K → downside pressure could increase toward $77.3K and potentially $76.26K.
BTC is sitting in the middle of these levels right now, so I’d rather watch the reaction at support and resistance than chase the current move.
$BTC #BTC #Crypto #binance
