$BTC Update 📉
Since my previous analysis, BTC has followed the expected bearish breakdown scenario after losing the ascending support trendline and failing to reclaim the $81,500 to $82,200 resistance zone.
Price has now dropped toward $76,600, reaching our previously highlighted $77,000 to $76,000 downside target area.
The interesting part is that BTC is now testing another important demand zone around $75,500 to $76,500, where buyers could attempt a short-term recovery.
🔴 Bearish Scenario
If BTC fails to defend this support zone, the bearish momentum could continue, opening the path toward $74,000 and potentially lower levels.
🟢 Bullish Scenario
If buyers manage to defend the current support, we could see a temporary recovery toward $78,000 to $79,500.
However, BTC needs to reclaim $81,500 to $82,200 with strength before the bearish structure starts weakening.
For now, our previous bearish scenario has played out as expected. I'm watching whether BTC can defend the current demand zone or confirm another breakdown.
Since my previous analysis, BTC has followed the expected bearish breakdown scenario after losing the ascending support trendline and failing to reclaim the $81,500 to $82,200 resistance zone.
Price has now dropped toward $76,600, reaching our previously highlighted $77,000 to $76,000 downside target area.
The interesting part is that BTC is now testing another important demand zone around $75,500 to $76,500, where buyers could attempt a short-term recovery.
🔴 Bearish Scenario
If BTC fails to defend this support zone, the bearish momentum could continue, opening the path toward $74,000 and potentially lower levels.
🟢 Bullish Scenario
If buyers manage to defend the current support, we could see a temporary recovery toward $78,000 to $79,500.
However, BTC needs to reclaim $81,500 to $82,200 with strength before the bearish structure starts weakening.
For now, our previous bearish scenario has played out as expected. I'm watching whether BTC can defend the current demand zone or confirm another breakdown.
