🌅 $BTC correction, searching for bottom
BTC dropped 1.64% to 78660, currently trying to find a bottom in correction mode. Dominance holds at 59.39%, but alts are starting to slowly recover — not critical yet, but the direction is visible.
• Price: 78660
• RSI: 43.7 (downside not exhausted yet)
• SMA20 and SMA50 sitting above current price
• Resistance: 80388 and 80575
• Consolidation zone to watch: 78500-79000
Plan: the idea holds while price stays under SMA20/50 and below 80388 — a break below 78500 with rising volume confirms more downside, while a bounce to 80388 makes shorts riskier.
Not financial advice.
BTC dropped 1.64% to 78660, currently trying to find a bottom in correction mode. Dominance holds at 59.39%, but alts are starting to slowly recover — not critical yet, but the direction is visible.
• Price: 78660
• RSI: 43.7 (downside not exhausted yet)
• SMA20 and SMA50 sitting above current price
• Resistance: 80388 and 80575
• Consolidation zone to watch: 78500-79000
Plan: the idea holds while price stays under SMA20/50 and below 80388 — a break below 78500 with rising volume confirms more downside, while a bounce to 80388 makes shorts riskier.
Not financial advice.
