Bitcoin is making a quiet attempt to recover. Price is pushing upward from the $75,200 demand zone and trying to reclaim structure above $76,600. On the surface it looks like bullish momentum is building but the chart is telling a more careful story.
There is a clear resistance wall sitting directly above current price. The VAH (Value Area High) at $76,469 has already been tested. The next resistance cluster sits between $77,000 and $77,661. And above that, a heavier supply zone waits at $78,094.
Every time $BTC has attempted to push into these levels recently, sellers have shown up. That pattern has not changed yet.
KEY LEVELS TO WATCH đ
Resistance above:
$76,652 â immediate resistance, currently being tested
$77,001 â first major ceiling
$77,661 â strong supply zone
$78,094 â heavy resistance, where$ sellers are positioned
Support below:
$75,992 â key intraday support
$75,617 â mid structure hold level
$74,972 â deeper demand if structure breaks
$73,997 â last line of defence before lower timeframe breakdown .
let's see đ«Ł
There is a clear resistance wall sitting directly above current price. The VAH (Value Area High) at $76,469 has already been tested. The next resistance cluster sits between $77,000 and $77,661. And above that, a heavier supply zone waits at $78,094.
Every time $BTC has attempted to push into these levels recently, sellers have shown up. That pattern has not changed yet.
KEY LEVELS TO WATCH đ
Resistance above:
$76,652 â immediate resistance, currently being tested
$77,001 â first major ceiling
$77,661 â strong supply zone
$78,094 â heavy resistance, where$ sellers are positioned
Support below:
$75,992 â key intraday support
$75,617 â mid structure hold level
$74,972 â deeper demand if structure breaks
$73,997 â last line of defence before lower timeframe breakdown .
let's see đ«Ł
