Current structure: Bullish, but extended.
$BTC
recently pushed toward the $77K–$79K area after a very strong rally. The immediate battle is whether buyers can establish price above the recent high rather than producing another rejection.
⛔⛔⛔
Levels I would watch:
🟢 Bullish breakout: $78,000–$80,000
🎯 Next upside scenario: $82,000–$85,000
🟡 Important support: $74,000–$75,000
🔴 Deeper correction: $70,000–$72,000
Prediction:
Bullish above $74K–$75K. A clean breakout through $80K could open the door toward the low-to-mid $80Ks. If $BTC loses $74K with strong selling, I'd expect a deeper pullback before another attempt higher.
Trading idea:
Don't chase a large green candle. A pullback that holds $74K–$75K would be more attractive than buying directly into resistance.
#BitcoinStrongestWeekSinceMarch2023 #GrayscaleFilesFifthZECETFAmendment
$BTC
recently pushed toward the $77K–$79K area after a very strong rally. The immediate battle is whether buyers can establish price above the recent high rather than producing another rejection.
⛔⛔⛔
Levels I would watch:
🟢 Bullish breakout: $78,000–$80,000
🎯 Next upside scenario: $82,000–$85,000
🟡 Important support: $74,000–$75,000
🔴 Deeper correction: $70,000–$72,000
Prediction:
Bullish above $74K–$75K. A clean breakout through $80K could open the door toward the low-to-mid $80Ks. If $BTC loses $74K with strong selling, I'd expect a deeper pullback before another attempt higher.
Trading idea:
Don't chase a large green candle. A pullback that holds $74K–$75K would be more attractive than buying directly into resistance.
#BitcoinStrongestWeekSinceMarch2023 #GrayscaleFilesFifthZECETFAmendment
