$BTC is starting to look heavy on the 1H.
At $77,675, price is trading below MA7 ($78,005), MA25 ($78,366) and MA99 ($79,977). More importantly, every bounce since $78,564 has been sold into, while the latest decline is coming with stronger red volume. That keeps short-term control with sellers.
$77,650 is the immediate line I’m watching. If BTC loses that level on a clean 1H close, the move can extend toward $77.3K–$77.0K before buyers get another meaningful test.
For bulls, simply bouncing isn’t enough. BTC first needs to reclaim $77.9K–$78.0K. Above that, $78.22K–$78.36K becomes the real resistance zone. Until those levels are recovered, I’d treat upside candles as relief bounces rather than a confirmed reversal.
The interesting part here is that BTC doesn’t need a huge dump to stay bearish it only needs to keep failing below the falling short term averages.
#BTC
At $77,675, price is trading below MA7 ($78,005), MA25 ($78,366) and MA99 ($79,977). More importantly, every bounce since $78,564 has been sold into, while the latest decline is coming with stronger red volume. That keeps short-term control with sellers.
$77,650 is the immediate line I’m watching. If BTC loses that level on a clean 1H close, the move can extend toward $77.3K–$77.0K before buyers get another meaningful test.
For bulls, simply bouncing isn’t enough. BTC first needs to reclaim $77.9K–$78.0K. Above that, $78.22K–$78.36K becomes the real resistance zone. Until those levels are recovered, I’d treat upside candles as relief bounces rather than a confirmed reversal.
The interesting part here is that BTC doesn’t need a huge dump to stay bearish it only needs to keep failing below the falling short term averages.
#BTC
Bounce from $77.6K
26%
Break toward $77K
35%
Reclaim $78.3K
30%
More chop first
9%
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