🔥 Bitcoin is trying to form a bottom… but the market hasn’t confirmed yet.
BTC rebounded from 76,046$ and reached 77,824$ on the 4H timeframe, and with the rebound some momentum indicators started improving.
📊 Current picture:
🟢 The price has reclaimed the MA7 at 77,136$
🟢 RSI(6) = 56.90 and is now above 50
🟢 KDJ has started giving bullish momentum
But on the other hand:
🔴 The price is still below MA25 = 78,222$
🔴 And below MA99 = 78,726$
🔴 MACD is still bearish
🎯 Therefore, the 78,200–78,750$ area is the real test.
📈 A breakout of 78,726$ with a 4H close and strong volume
→ opens the way toward 79,045$ , then 79,800$ , and a retest of 80,560$.
📉 On the other hand, losing 77,136$
→ pushes pressure toward 76,814$ , then 76,046$.
⚠️ And breaking 76,046$ would significantly weaken the bottom-building scenario.
🧠 Summary:
BTC has started improving, but **a rebound is one thing… and a trend reversal is another.**
Watch only two levels:
77,136$ to defend 🟢
78,726$ for confirmation 🔴
Above resistance with strong volume = buyers are regaining control.
Below support = the bottom is still under testing.
#Bitcoin #BTC #BTCUSDT #Crypto #Bitcoin
BTC rebounded from 76,046$ and reached 77,824$ on the 4H timeframe, and with the rebound some momentum indicators started improving.
📊 Current picture:
🟢 The price has reclaimed the MA7 at 77,136$
🟢 RSI(6) = 56.90 and is now above 50
🟢 KDJ has started giving bullish momentum
But on the other hand:
🔴 The price is still below MA25 = 78,222$
🔴 And below MA99 = 78,726$
🔴 MACD is still bearish
🎯 Therefore, the 78,200–78,750$ area is the real test.
📈 A breakout of 78,726$ with a 4H close and strong volume
→ opens the way toward 79,045$ , then 79,800$ , and a retest of 80,560$.
📉 On the other hand, losing 77,136$
→ pushes pressure toward 76,814$ , then 76,046$.
⚠️ And breaking 76,046$ would significantly weaken the bottom-building scenario.
🧠 Summary:
BTC has started improving, but **a rebound is one thing… and a trend reversal is another.**
Watch only two levels:
77,136$ to defend 🟢
78,726$ for confirmation 🔴
Above resistance with strong volume = buyers are regaining control.
Below support = the bottom is still under testing.
#Bitcoin #BTC #BTCUSDT #Crypto #Bitcoin
