$BTC bounced cleanly from the 77.7–78k demand zone and is now back above the 9MA, testing VWAP + the 78.8–79k resistance box.
Order flow looks fairly healthy: OI isn’t expanding, funding is positive but cooling, and the bounce had a pickup in spot/tape activity.
My bias is slightly bullish while 77.7–78k holds.
A clean reclaim of 78.8–79k should open 79.5–80k, then the main target around 81.1k.
If we reject this box and lose 77.7k, then I’d flip bearish and look toward 75k-76k.
Order flow looks fairly healthy: OI isn’t expanding, funding is positive but cooling, and the bounce had a pickup in spot/tape activity.
My bias is slightly bullish while 77.7–78k holds.
A clean reclaim of 78.8–79k should open 79.5–80k, then the main target around 81.1k.
If we reject this box and lose 77.7k, then I’d flip bearish and look toward 75k-76k.
