#BitcoinFalls4%
BTC current trading setup analysis:
After it reached a peak yesterday at 79,570, it saw a sharp decline, forming a clear reversal structure at the highs. In the short term, it found support around 76,600–76,700 and then rebounded slightly, but the rebound strength is weak; overall, the market is still in a bearish trend dominated by sellers.
Forecast summary
· Trend: choppy-to-downward bias; a rebound first to correct the situation, followed by renewed downside pressure.
· Rebound resistances: 77,300 → 77,600 (strong resistance), with a maximum at 78,000.
· Downside targets: first watch 76,600; if it breaks, then 76,000 → 75,500 will be in focus.
· Tomorrow’s daytime expectations (12:00):
Most likely, the close will be within 75,800–77,200, with a bias toward 76,200–76,600.
If an unexpected move happens and price rises above 78,000, the trend will strengthen and the close could be around 78,000–78,800.
Trading scenarios
1. Weak rebound: Price may first move toward 77,300–77,600 for correction, but here sell pressure is heavy, making it difficult to break through in one attempt.
2. Renewed bearish test: After the rebound fails and meets resistance, it will return to test 76,667. If it falls below that level, it will target 76,000 and possibly even 75,500.
3. Continued range volatility
BTC current trading setup analysis:
After it reached a peak yesterday at 79,570, it saw a sharp decline, forming a clear reversal structure at the highs. In the short term, it found support around 76,600–76,700 and then rebounded slightly, but the rebound strength is weak; overall, the market is still in a bearish trend dominated by sellers.
Forecast summary
· Trend: choppy-to-downward bias; a rebound first to correct the situation, followed by renewed downside pressure.
· Rebound resistances: 77,300 → 77,600 (strong resistance), with a maximum at 78,000.
· Downside targets: first watch 76,600; if it breaks, then 76,000 → 75,500 will be in focus.
· Tomorrow’s daytime expectations (12:00):
Most likely, the close will be within 75,800–77,200, with a bias toward 76,200–76,600.
If an unexpected move happens and price rises above 78,000, the trend will strengthen and the close could be around 78,000–78,800.
Trading scenarios
1. Weak rebound: Price may first move toward 77,300–77,600 for correction, but here sell pressure is heavy, making it difficult to break through in one attempt.
2. Renewed bearish test: After the rebound fails and meets resistance, it will return to test 76,667. If it falls below that level, it will target 76,000 and possibly even 75,500.
3. Continued range volatility