$BTC Another retest of $77K is becoming increasingly likely.
Price has now printed both a lower high and a lower low, while also losing the monthly open.
The EMAs are also all sitting above price again, which could provide additional dynamic resistance.
What I’m looking for next is a retest of the resistance area around $79.5K, where several bearish confluences line up.
If price pushes into that area and gets rejected, I believe another continuation to the downside toward $77K is likely.
Price has now printed both a lower high and a lower low, while also losing the monthly open.
The EMAs are also all sitting above price again, which could provide additional dynamic resistance.
What I’m looking for next is a retest of the resistance area around $79.5K, where several bearish confluences line up.
If price pushes into that area and gets rejected, I believe another continuation to the downside toward $77K is likely.
