$BTC 1H UPDATE
Bitcoin keeps printing lower highs inside a falling channel, now trading around 73.5K.
Structure:
Sellers defended the 74,764 supply, and 74,077 has flipped into resistance. Support sits at 73,085, then 72,790.
Plan:
Scenario 1: dip to 73,085, weak bounce into 74,077, rejection, then lower. Sell the bounce into 74,077.
Scenario 2: 73,085 breaks straight away and price slides to 71,987.
Both lead to the same targets.
Targets: 71,987, then the 4H demand zone 70,500–71,000.
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis
Bitcoin keeps printing lower highs inside a falling channel, now trading around 73.5K.
Structure:
Sellers defended the 74,764 supply, and 74,077 has flipped into resistance. Support sits at 73,085, then 72,790.
Plan:
Scenario 1: dip to 73,085, weak bounce into 74,077, rejection, then lower. Sell the bounce into 74,077.
Scenario 2: 73,085 breaks straight away and price slides to 71,987.
Both lead to the same targets.
Targets: 71,987, then the 4H demand zone 70,500–71,000.
#BTC #Bitcoin #Crypto #Trading #TechnicalAnalysis
