$BTC Bitcoin is trading at $74,307.39, down 2.17% over 24 hours. The breakdown below $74,977 has shifted short-term momentum toward a defensive structure. Traders are watching the $73,152 200-day SMA as the next critical support. Meanwhile, $1.28B in weekly spot BTC ETF outflows adds institutional selling pressure. Elevated futures open interest at $7.24B also deserves attention as liquidation risks remain.
📈 Bias: Bearish to Neutral | 🎯 Entry: $73,150–$73,500 | 🛡 Support: $73,152, $70,000 | 🚧 Resistance: $74,977, $76,000, $80,000 | 🎯 Targets: $74,950, $76,500, $78,200 | ❌ Invalidation: $72,800
Strategy: Watch for confirmation of support defense around the 200-day SMA before considering a long position.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingStrategy
📈 Bias: Bearish to Neutral | 🎯 Entry: $73,150–$73,500 | 🛡 Support: $73,152, $70,000 | 🚧 Resistance: $74,977, $76,000, $80,000 | 🎯 Targets: $74,950, $76,500, $78,200 | ❌ Invalidation: $72,800
Strategy: Watch for confirmation of support defense around the 200-day SMA before considering a long position.
#Bitcoin #BTC #CryptoAnalysis #BinanceSquare #TradingStrategy
