I’m looking at $BTC /USDT after a sharp dip toward 77,536.77, followed by a rebound that pushed price back above 77,600. For me, the main issue now is that price has slipped back to 77,577.17, while the visible MA60 sits higher at 77,638.12.
I’m watching 77,536.77 as the nearby chart support and 77,602–77,638 as the important recovery/resistance area. I’d like to see price hold above the recent low and reclaim the MA60 before considering the setup attractive. If it stays below the MA60, momentum still looks weak on this short-term chart.
📍 Entry: 77,550–77,600
🎯 TP1: 77,602
🎯 TP2: 77,634.61
🎯 TP3: 77,667.21
🛑 Invalidation: Below 77,536.77
If price loses 77,536.77, I’d step away from this setup because that would break the visible short-term support and weaken the rebound idea.
For me, this is a cautious bounce setup rather than a confirmed reversal. I’d want to see buyers reclaim the higher levels before becoming more confident.
I’m watching 77,536.77 as the nearby chart support and 77,602–77,638 as the important recovery/resistance area. I’d like to see price hold above the recent low and reclaim the MA60 before considering the setup attractive. If it stays below the MA60, momentum still looks weak on this short-term chart.
📍 Entry: 77,550–77,600
🎯 TP1: 77,602
🎯 TP2: 77,634.61
🎯 TP3: 77,667.21
🛑 Invalidation: Below 77,536.77
If price loses 77,536.77, I’d step away from this setup because that would break the visible short-term support and weaken the rebound idea.
For me, this is a cautious bounce setup rather than a confirmed reversal. I’d want to see buyers reclaim the higher levels before becoming more confident.
