Alright fam, let’s look at this daily chart👀

$BTC is taking a heavy -4.8% hit and we are sitting right at $77,200.

If you zoom out, the structure has been bearish for weeks.

We clearly rejected off that upper supply zone (that green box around $84k-$87k) and we’ve been printing nothing but lower highs and lower lows.

The bears are in full control right now. 📉

BUT… look at where we are sitting.

We just tapped a major psychological support level around $77k, and the current daily candle is leaving a nasty lower wick.

Sellers are getting exhausted down here and we are due for a relief bounce.

Here is how I’m playing this. Two setups depending on your risk tolerance.

🟢 AGGRESSIVE SCALP: LONG THE BOUNCE

· Entry: $77,200 - $77,500 (Current market price)

· Target 1: $79,500

· Target 2: $81,000

· Stop Loss: $76,200 (If we lose $76k, we are dumping straight to $75k. Don't be a hero, cut the loss).

Playing the oversold bounce off local support. High risk, high reward. Take profits fast.
$BTC