Chart shows BTC at $77,638, down about 2.2%, with a 24h low of $76,888.

Current: $77,638

EMA 7: $77,629 → price is sitting right on it

EMA 25: $78,088 → immediate resistance

EMA 99: $78,481 → stronger resistance

The important thing is that BTC is below both the 25 EMA and 99 EMA, so the 1H trend is still bearish/weak. The small candles around $77.6K show consolidation after the sharp drop.

Key levels I'd watch

Zone Level Meaning

🟢 Support 1 $76,850–77,000 Today's low / immediate defense

🟢 Support 2 $76,300–76,500 If $76.9K breaks##

🔴 Resistance 1 $78,050–78,150 EMA 25

🔴 Resistance 2 $78,450–78,600 EMA 99

🔴 Resistance 3 $79,650–80,000 Major recovery zone

Current market data also has BTC around $77.5K–$77.7K, confirming that your screenshot is broadly current.

🎯 My preferred setup

I would NOT chase a long at $77,638 yet.

Aggressive long:

➡️ $76,900–77,200 if price tests the zone and shows a bullish 15m/1H rejection.

🎯 TP1: $78,050

🎯 TP2: $78,450

🎯 TP3: $79,500+

Safer long:

Wait for a 1H close above $78,100, followed by a successful retest of $78K. That would reclaim the 25 EMA and give a better confirmation.

Bearish scenario:

If BTC gets a 1H close below $76,850, I would avoid catching the falling knife. Next area I'd watch is approximately $76,300–76,500.

The broader market is also currently under pressure after the recent drop; BTC has been trading around the $77K area after falling below $78K.

$BTC #BTC

BTCUSDT

Perp

77,946.9

-1.73%