Bitcoin tried to break higher, but the rejection around $79K is getting interesting.
$BTC
is now trading below the $79,000 supply zone while still holding above the $76,800 demand area.
If sellers keep control and the descending structure stays intact, $76,800 becomes the level I’m watching next.
But there’s one level that could completely change this setup:
$79K.
A clean breakout and hold above it would weaken the bearish case and could put buyers back in control.
So for now, I’m watching the reaction between these two zones rather than forcing a trade.
$BTC needs to show its hand first.
#BitcoinReboundsTo$79K BitcoinReboundsTo$79K
$BTC
is now trading below the $79,000 supply zone while still holding above the $76,800 demand area.
If sellers keep control and the descending structure stays intact, $76,800 becomes the level I’m watching next.
But there’s one level that could completely change this setup:
$79K.
A clean breakout and hold above it would weaken the bearish case and could put buyers back in control.
So for now, I’m watching the reaction between these two zones rather than forcing a trade.
$BTC needs to show its hand first.
#BitcoinReboundsTo$79K BitcoinReboundsTo$79K
