๐ BTC Update
BTC is right at the edge of the 76K support zone โ the same level that has held every single test since late August. Price at 75.8K, touching it again right now..
Two things happening at once:
๐ข 76K holds again โ bounce possible toward 78K, but yellow trendline will be the next test. Break above that = structure shift.
๐ด 76K breaks on 1H close โ this time it's different. Support that's been tested this many times gets weaker each time. A clean break opens 74K โ 73K.
Zone has held 4-5 times. More tests = more likely to break eventually. Watch the candle reaction at 76K carefully โ strong wick rejection is bullish, slow bleed through is not.
BTC is right at the edge of the 76K support zone โ the same level that has held every single test since late August. Price at 75.8K, touching it again right now..
Two things happening at once:
๐ข 76K holds again โ bounce possible toward 78K, but yellow trendline will be the next test. Break above that = structure shift.
๐ด 76K breaks on 1H close โ this time it's different. Support that's been tested this many times gets weaker each time. A clean break opens 74K โ 73K.
Zone has held 4-5 times. More tests = more likely to break eventually. Watch the candle reaction at 76K carefully โ strong wick rejection is bullish, slow bleed through is not.