$BTC Update: Key Levels Ahead ๐
Bitcoin is trading around $73,890, sitting right at a critical decision zone. Here's what I'm watching:
๐ป Support Zones
$75,593 was lost and is now acting as resistance
$70,646 is the next major support, backed by a large demand zone (~$60Kโ$70K)
๐บ Resistance Levels
$75,593 โ $79,693 โ $83,480
Major target: $98,219
๐ง Two Possible Scenarios
1๏ธโฃ Direct bounce: price holds here and pushes back above $75.6K
2๏ธโฃ Liquidity sweep: price dips to the $70.6K support, grabs liquidity, then reverses upward
In both cases, structure stays bullish as long as the demand zone holds. A strong reclaim of $75.6K and $79.7K would open the door toward $83K and higher.
โ ๏ธ Invalidation: a clean daily close below the demand zone would weaken this setup.
Patience > FOMO. Wait for confirmation, manage your risk, and don't chase candles. ๐ฏ
What's your view: bounce from here or sweep first? Comment below ๐
#BTC #Bitcoin #BinanceSquare
Bitcoin is trading around $73,890, sitting right at a critical decision zone. Here's what I'm watching:
๐ป Support Zones
$75,593 was lost and is now acting as resistance
$70,646 is the next major support, backed by a large demand zone (~$60Kโ$70K)
๐บ Resistance Levels
$75,593 โ $79,693 โ $83,480
Major target: $98,219
๐ง Two Possible Scenarios
1๏ธโฃ Direct bounce: price holds here and pushes back above $75.6K
2๏ธโฃ Liquidity sweep: price dips to the $70.6K support, grabs liquidity, then reverses upward
In both cases, structure stays bullish as long as the demand zone holds. A strong reclaim of $75.6K and $79.7K would open the door toward $83K and higher.
โ ๏ธ Invalidation: a clean daily close below the demand zone would weaken this setup.
Patience > FOMO. Wait for confirmation, manage your risk, and don't chase candles. ๐ฏ
What's your view: bounce from here or sweep first? Comment below ๐
#BTC #Bitcoin #BinanceSquare
