BTCUSDT is trading around 76,740 USDT, maintaining the 75,000–76,500 support zone on the 8-hour (H8) chart. Although the price remains within a descending channel, buying interest near the EMA89 (around 75,900) indicates that sellers have been unable to extend the downward move.
The 78,000–79,000 zone currently acts as a critical hurdle. If BTC holds the "Buy Zone," breaks out of the channel's upper boundary, and reclaims this area, I lean towards a scenario where the price returns to the 80,000–82,000 range before extending toward the primary target near 84,400 USDT.
The macroeconomic backdrop supports a recovery, as the 10-year Treasury yield has eased to approximately 4.94%, Brent crude prices have fallen, and US/Asian stock markets have rebounded, helping to stabilize "risk-on" sentiment.
The bullish scenario would be invalidated if BTC decisively loses the 75,000–75,500 zone
