Bitcoin analysis Price: ~75.9K
76.3–77K: 4-hour chart. I think the first relief rally will reach this area, where it may face selling pressure.
79.6–79.8K: Main resistance
80.5K: Area where sellers are concentrated
82.2K: Upper resistance.
Support
74.5K First support; I think we’ll see a reaction from here.
72.5K Main support. If 74.2K breaks, this is the target.
64K The level with the highest volume (POC), a long-term bottom area.
My expectation: First, a brief reaction up to 76.3–77K, followed by another dip to 74.2K. If 74.2K breaks, 72.5K comes into play. A daily close above 79.6K would invalidate the bearish scenario.
Not investment advice #bitcoin
76.3–77K: 4-hour chart. I think the first relief rally will reach this area, where it may face selling pressure.
79.6–79.8K: Main resistance
80.5K: Area where sellers are concentrated
82.2K: Upper resistance.
Support
74.5K First support; I think we’ll see a reaction from here.
72.5K Main support. If 74.2K breaks, this is the target.
64K The level with the highest volume (POC), a long-term bottom area.
My expectation: First, a brief reaction up to 76.3–77K, followed by another dip to 74.2K. If 74.2K breaks, 72.5K comes into play. A daily close above 79.6K would invalidate the bearish scenario.
Not investment advice #bitcoin
