Thoughts on #BTC
$BTC experienced a sharp breakdown directly following the incident of Binance exploit, invalidating the primary $80,000–$79,500 horizontal support shelf and turning it into strong overhead resistance.
$BTC is now testing the key demand zone around $76,500–$77,200. Holding this level is critical to prevent a deeper slide toward the lower $72K range. Until $BTC reclaims $80,000+, market conditions are expected to remain choppy and defensive.
$BTC experienced a sharp breakdown directly following the incident of Binance exploit, invalidating the primary $80,000–$79,500 horizontal support shelf and turning it into strong overhead resistance.
$BTC is now testing the key demand zone around $76,500–$77,200. Holding this level is critical to prevent a deeper slide toward the lower $72K range. Until $BTC reclaims $80,000+, market conditions are expected to remain choppy and defensive.
