$WBTC just ran from roughly $64K to almost $79K—but the interesting part is what happened AFTER the rally.
Instead of retracing the entire move, price is holding around $76K–$77K and consolidating directly beneath the recent $78.5K–$79K high.
That makes $79K the level controlling the next move.
A clean 4H break and acceptance above it would keep the expansion structure intact, with $80K becoming the obvious psychological level ahead.
But if $76K gives way, I wouldn't chase the bullish setup. That would increase the chance of a deeper reset toward the previous breakout area around $74K.
For now, the chart is bullish—but buyers still need to prove they can turn $79K from resistance into support.
Instead of retracing the entire move, price is holding around $76K–$77K and consolidating directly beneath the recent $78.5K–$79K high.
That makes $79K the level controlling the next move.
A clean 4H break and acceptance above it would keep the expansion structure intact, with $80K becoming the obvious psychological level ahead.
But if $76K gives way, I wouldn't chase the bullish setup. That would increase the chance of a deeper reset toward the previous breakout area around $74K.
For now, the chart is bullish—but buyers still need to prove they can turn $79K from resistance into support.