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BTC: 75K IS LOST, BUT 72.4K IS THE REAL DECISION LEVEL
$BTC 75K IS LOST, BUT 72.4K IS THE REAL DECISION LEVEL Many traders viewed $75K as Bitcoin's most important support level, but in my opinion, $72.4K is the level that will determine the direction of this entire cycle. After losing $75K on the Daily timeframe, BTC dropped directly into the $72.4K zone. Bulls stepped in and defended the area, but the buying pressure has not been strong enough to produce a convincing recovery. Meanwhile, $75K has now flipped from support into short-term resistance, and there is a high probability that price will revisit this level for another test.
On the D1 timeframe, $72.4K is the line in the sand: Holding above $72.4K keeps the bullish structure intact and opens the door for a move back toward $80K+.Losing $72.4K significantly increases the probability of Bitcoin revisiting the $60K–$65K region. On the W1 timeframe, Bitcoin is currently retesting the breakout level formed between the two previous lows ($59.8K and $64.8K). If this area holds as support, it could confirm a new cycle bottom.
However, nothing has been confirmed yet. The monthly candle closes at 07:00 AM tomorrow (UTC+7). What I want to see is a strong bullish pin bar with a long lower wick, showing clear buying absorption and confirming that bulls are stepping back into the market. I will continue to provide important clues and updates on the market's next move in the coming days. Keep a close eye on the $72.4K level, as it could be the key level that determines Bitcoin's direction in the weeks ahead. #CME247CryptoFutures #CME247CryptoFutures