$BTC Cooling Off After Tagging $81,272, Now Sitting Around $78,092 - Let's Look at What's Next
From $62,535 to $81,272 was a straight vertical move, no real pullback along the way. Now we're seeing the first real cooling, small red candles forming right under the high
Key levels to watch:
🔹 Resistance: 81,272 (recent high, needs to reclaim this to continue the trend)
🔹 Immediate support: 76,500-77,600 zone (recent base before the last push up)
🔹 Bigger support: 69,800-70,000 (this was resistance before, could flip back to support on a deeper pullback)
This looks like healthy consolidation after a fast move, not a reversal yet. Price is holding well above the breakout zone from $70K, which is the more important level long term
If it holds above 76,500 and starts basing, next leg likely targets a retest of 81,272 and possibly higher. Losing 76,500 with volume would suggest a deeper pullback toward the 70K zone before any next move up
Overall structure is still bullish, this is just the market digesting the move before deciding its next direction
From $62,535 to $81,272 was a straight vertical move, no real pullback along the way. Now we're seeing the first real cooling, small red candles forming right under the high
Key levels to watch:
🔹 Resistance: 81,272 (recent high, needs to reclaim this to continue the trend)
🔹 Immediate support: 76,500-77,600 zone (recent base before the last push up)
🔹 Bigger support: 69,800-70,000 (this was resistance before, could flip back to support on a deeper pullback)
This looks like healthy consolidation after a fast move, not a reversal yet. Price is holding well above the breakout zone from $70K, which is the more important level long term
If it holds above 76,500 and starts basing, next leg likely targets a retest of 81,272 and possibly higher. Losing 76,500 with volume would suggest a deeper pullback toward the 70K zone before any next move up
Overall structure is still bullish, this is just the market digesting the move before deciding its next direction
