$BTC update, Support broken, what's next?
In my previous #BTC analysis, I was watching the support level I had marked closely.
$BTC
has now broken through that support and continued moving lower, showing that the bearish pressure was not just a simple liquidity grab.
The important thing now is what happens next.🤔🤔
Price is currently trading below the broken support, and unless BTC manages to reclaim that level, the next area I'm watching is the next MAJOR SUPPORT around $75.4k
👀 My current observation:
The previous support has now become an important level to watch.
🟢 If BTC moves back above it and holds, the breakdown could eventually turn into a false break.
🔴 But if BTC continues rejecting below the broken support, sellers may continue pushing price toward the next major support as you can all see on the chart below👇.
🎯 Current possible signal
For now, I'm watching for either:
1️⃣ A reclaim of the broken support followed by a strong close above it — possible sign that sellers are losing control.
2️⃣ Continued rejection below the broken support and another break of the recent low — possible confirmation that BTC is targeting the next support around $75.4k
At the moment, the path toward the next support remains open, but I won't assume $BTC will reach it until price confirms further bearish continuation.
The key question now: Will #BTC reclaim the broken support, or continue its move toward $75.4k? 👀
#priceaction
#CryptoAnalysis📈📉🐋📅🚀
In my previous #BTC analysis, I was watching the support level I had marked closely.
$BTC
has now broken through that support and continued moving lower, showing that the bearish pressure was not just a simple liquidity grab.
The important thing now is what happens next.🤔🤔
Price is currently trading below the broken support, and unless BTC manages to reclaim that level, the next area I'm watching is the next MAJOR SUPPORT around $75.4k
👀 My current observation:
The previous support has now become an important level to watch.
🟢 If BTC moves back above it and holds, the breakdown could eventually turn into a false break.
🔴 But if BTC continues rejecting below the broken support, sellers may continue pushing price toward the next major support as you can all see on the chart below👇.
🎯 Current possible signal
For now, I'm watching for either:
1️⃣ A reclaim of the broken support followed by a strong close above it — possible sign that sellers are losing control.
2️⃣ Continued rejection below the broken support and another break of the recent low — possible confirmation that BTC is targeting the next support around $75.4k
At the moment, the path toward the next support remains open, but I won't assume $BTC will reach it until price confirms further bearish continuation.
The key question now: Will #BTC reclaim the broken support, or continue its move toward $75.4k? 👀
#priceaction
#CryptoAnalysis📈📉🐋📅🚀
