BTC has broken below 76k. What next?
Current price: 75,847.
76,000 has turned from “support” into a “rebound test.”
The question now isn’t “Will it break?”
It’s “Can the rebound reclaim that level?”
Three levels, three possible paths:
Reclaim 76,000:
False breakdown, range-bound trading, then a possible recovery.
Rebound to 76,000 fails:
A second bottom test, with 73,188 as the next hurdle.
Break below 73,188:
The structure is broken; watch 68,154.
If the close is back above 76k,
I’ll admit my “second bottom test” call was premature.
If you chase shorts below 76k,
with a stop-loss above 76k, the risk/reward isn’t great.
Which path do you choose?
Comment “76” or “73.”
Current price is the intraday price of 75,847; this is not investment advice.
Current price: 75,847.
76,000 has turned from “support” into a “rebound test.”
The question now isn’t “Will it break?”
It’s “Can the rebound reclaim that level?”
Three levels, three possible paths:
Reclaim 76,000:
False breakdown, range-bound trading, then a possible recovery.
Rebound to 76,000 fails:
A second bottom test, with 73,188 as the next hurdle.
Break below 73,188:
The structure is broken; watch 68,154.
If the close is back above 76k,
I’ll admit my “second bottom test” call was premature.
If you chase shorts below 76k,
with a stop-loss above 76k, the risk/reward isn’t great.
Which path do you choose?
Comment “76” or “73.”
Current price is the intraday price of 75,847; this is not investment advice.
