$BTC — 1H Chart Read 📊
BTC is still under pressure, and this chart looks weaker than the earlier setup. The price is sitting around $75.2K, below the 1H Supertrend at $76,889, with the latest candle pushing back toward the recent low.
The broader market is also focused on the $75K area right now. BTC recently tested below $75K, while short-term resistance is building around $76K–$77K. (Bitcoin News)
Key levels
Resistance: $75,700 → $76,000
Major resistance: $76,600 → $76,900
Support: $74,970
Major support: $74,500–$74,900
Next downside: $73,500–$74,000
Short setup
Entry: $75,600–$76,000 on rejection
SL: $76,450
TP1: $75,000
TP2: $74,500
TP3: $73,500
I’d rather see BTC retest $75.7K–$76K and reject than short directly into the $75K support zone.
The order book in your screenshot is actually 64.27% bids vs 35.73% asks, so there is visible demand around the current price. That makes chasing shorts here less attractive.
Bullish flip 👀
The important reclaim is $76,900.
If BTC can get a clean 1H close above that Supertrend and hold the retest, the structure would start improving toward $77.5K → $78.4K.
Until then, the chart is basically:
Below $76.9K = sellers still control the 1H structure.
Above $76.9K = recovery attempt gets interesting.
Below $74.97K = downside opens toward $74K/$73.5K.
Bias: Bearish below $76.9K, but $75K is a key support zone, so I’d wait for confirmation rather than chase.
#BTC
BTC is still under pressure, and this chart looks weaker than the earlier setup. The price is sitting around $75.2K, below the 1H Supertrend at $76,889, with the latest candle pushing back toward the recent low.
The broader market is also focused on the $75K area right now. BTC recently tested below $75K, while short-term resistance is building around $76K–$77K. (Bitcoin News)
Key levels
Resistance: $75,700 → $76,000
Major resistance: $76,600 → $76,900
Support: $74,970
Major support: $74,500–$74,900
Next downside: $73,500–$74,000
Short setup
Entry: $75,600–$76,000 on rejection
SL: $76,450
TP1: $75,000
TP2: $74,500
TP3: $73,500
I’d rather see BTC retest $75.7K–$76K and reject than short directly into the $75K support zone.
The order book in your screenshot is actually 64.27% bids vs 35.73% asks, so there is visible demand around the current price. That makes chasing shorts here less attractive.
Bullish flip 👀
The important reclaim is $76,900.
If BTC can get a clean 1H close above that Supertrend and hold the retest, the structure would start improving toward $77.5K → $78.4K.
Until then, the chart is basically:
Below $76.9K = sellers still control the 1H structure.
Above $76.9K = recovery attempt gets interesting.
Below $74.97K = downside opens toward $74K/$73.5K.
Bias: Bearish below $76.9K, but $75K is a key support zone, so I’d wait for confirmation rather than chase.
#BTC
