$BTC UPDATE: SUPPORT IS BEING TESTED 👀
Yesterday, $BTC lost the $79,176 level and started moving toward the next support around $77,685.
Now look at what happened.
Price pushed down into the $77,685 support, but sellers couldn't immediately continue the breakdown.
#BTC rejected the lower prices and pulled back up — showing that buyers are defending this area.
This could potentially be a liquidity sweep / support rejection, but I'm not calling it confirmed yet.
What I'm watching now:
🔸 $77,685 — key support being tested.
🔸 $79,176 — first level buyers need to reclaim.
🔸 $82,300 — major resistance and the level that previously rejected BTC.
If BTC holds $77,685 and reclaims $79,176, we could see buyers attempt another move higher.
But if sellers break below $77,685 and hold there, the next major support I'm watching is around $75,394.
The interesting part isn't that BTC went down. It's how price reacted when it reached support.
Now we wait for confirmation.
Trade the reaction. Trade the confirmation. Not the prediction
#CPIWatch
#BTCanalysis
#priceaction
#BitcoinOpenInterestShareRisesTo42.1%
Yesterday, $BTC lost the $79,176 level and started moving toward the next support around $77,685.
Now look at what happened.
Price pushed down into the $77,685 support, but sellers couldn't immediately continue the breakdown.
#BTC rejected the lower prices and pulled back up — showing that buyers are defending this area.
This could potentially be a liquidity sweep / support rejection, but I'm not calling it confirmed yet.
What I'm watching now:
🔸 $77,685 — key support being tested.
🔸 $79,176 — first level buyers need to reclaim.
🔸 $82,300 — major resistance and the level that previously rejected BTC.
If BTC holds $77,685 and reclaims $79,176, we could see buyers attempt another move higher.
But if sellers break below $77,685 and hold there, the next major support I'm watching is around $75,394.
The interesting part isn't that BTC went down. It's how price reacted when it reached support.
Now we wait for confirmation.
Trade the reaction. Trade the confirmation. Not the prediction
#CPIWatch
#BTCanalysis
#priceaction
#BitcoinOpenInterestShareRisesTo42.1%
