The old man has shown his teeth, held above local support levels, and is now trading around $78,390. Panic selling has stopped, buyers are confidently defending volume, but the spring is still tightening ahead of a major move.
Key levels for the coming days:
Major support: the $76,000–$76,300 zone. As long as we hold this level, the bulls remain in control. If we lose it, we’ll drop to test lower support zones.
Resistance zone: The $78,800 threshold. Only after a daily candle closes decisively above this level will the way be clear to take a shot at the psychological $80k+ mark and new local highs.
What I’m doing: I’m not rushing or jumping into the market at current prices. I’m waiting either for the upper resistance to break on strong volume or for a local dip to support, so I can safely build a position with a tight stop. Volatility will be wild this week, so stick to risk management.
Where do you think we’ll shoot off to? 🚀 or 📉?👇