#BTC
Market outlook: Bitcoin is trading around $77,800. The market is showing a weak short-term trend, although some longer-term indicators remain bullish.
Important levels
Support: $76,970
Stronger support: $76,070
Resistance: $78,040
Next resistance: $79,100
My analysis: If BTC breaks above $78,040 and holds, a recovery towards $79,100 is possible. If it falls below $76,970, further downside risk increases.
Important: Wait for confirmation of a breakout or breakdown before entering a trade. This is technical analysis, not financial advice.
Trading tip: Avoid using high leverage in this volatile market.
Market outlook: Bitcoin is trading around $77,800. The market is showing a weak short-term trend, although some longer-term indicators remain bullish.
Important levels
Support: $76,970
Stronger support: $76,070
Resistance: $78,040
Next resistance: $79,100
My analysis: If BTC breaks above $78,040 and holds, a recovery towards $79,100 is possible. If it falls below $76,970, further downside risk increases.
Important: Wait for confirmation of a breakout or breakdown before entering a trade. This is technical analysis, not financial advice.
Trading tip: Avoid using high leverage in this volatile market.
