This long black candle hasn’t finished falling yet for $BTC .
The level 78455 is pinned between the high of 79476 and the move down to the low at 77600, where it closed. The lower shadow probed the bottom without breaking it—but with trading value of 10.3 billion, volume of 132,000 coins, which is about 20% less than the previous round. The most frustrating script is a slow decline on shrinking volume: bulls want to buy and take it, but the volume isn’t keeping up; bears want to smash it, but there’s no surge in sell volume. The funding rate is +0.0021%—no side is putting in heavy bets. Everyone is waiting for direction.
The key is the line at 77600. If it breaks, look for support in the 76800–77200 range. If 79476 can’t be reclaimed, then near-term pressure around the 79000 round-number level will keep people pinned. Stop-loss: hold below 77600. First, see whether you can stabilize the rebound in the 78200–78600 zone, then push up toward 79400 for another attempt. Losing 300 dollars to create 800 dollars’ worth of room—whether it’s worth it is up to each of you to judge.
If it doesn’t break 77600 on lower volume, treat it as consolidation; break it, and then we’ll talk.
#BTC
The level 78455 is pinned between the high of 79476 and the move down to the low at 77600, where it closed. The lower shadow probed the bottom without breaking it—but with trading value of 10.3 billion, volume of 132,000 coins, which is about 20% less than the previous round. The most frustrating script is a slow decline on shrinking volume: bulls want to buy and take it, but the volume isn’t keeping up; bears want to smash it, but there’s no surge in sell volume. The funding rate is +0.0021%—no side is putting in heavy bets. Everyone is waiting for direction.
The key is the line at 77600. If it breaks, look for support in the 76800–77200 range. If 79476 can’t be reclaimed, then near-term pressure around the 79000 round-number level will keep people pinned. Stop-loss: hold below 77600. First, see whether you can stabilize the rebound in the 78200–78600 zone, then push up toward 79400 for another attempt. Losing 300 dollars to create 800 dollars’ worth of room—whether it’s worth it is up to each of you to judge.
If it doesn’t break 77600 on lower volume, treat it as consolidation; break it, and then we’ll talk.
#BTC