$BTC Bitcoin remains under short-term pressure after breaking below key support and its 20-day EMA. Aggressive futures selling and $366 million in liquidations highlight elevated downside risk. However, strong spot order books could help stabilize the market. Election uncertainty and ETF outflows remain important catalysts. Watch the $76,000–$76,350 zone for a potential reaction.
📈 Bias: Cautiously Bearish to Neutral | 🎯 Entry: $76,000–$76,350 | 🛡 Support: $76,275 / $76,000 | 🚧 Resistance: $77,600 / $78,313 | 🎯 Targets: $77,200 / $77,600 / $78,500 | ❌ Invalidation: $75,500
Strategy: Monitor support confirmation before considering a long position.
#Bitcoin #BTC #CryptoTrading #Binance #TechnicalAnalysis
📈 Bias: Cautiously Bearish to Neutral | 🎯 Entry: $76,000–$76,350 | 🛡 Support: $76,275 / $76,000 | 🚧 Resistance: $77,600 / $78,313 | 🎯 Targets: $77,200 / $77,600 / $78,500 | ❌ Invalidation: $75,500
Strategy: Monitor support confirmation before considering a long position.
#Bitcoin #BTC #CryptoTrading #Binance #TechnicalAnalysis
