btc?

REJECTION AT THE SUPPORT OF $77685

Yesterday, $BTC was sitting around the $79,000 area, and the key level I was watching was $79,176.

The question was simple:
Could buyers reclaim and hold above that level, or would sellers maintain control?

So far Sellers had gained the upper hand pushing the price lower to the support I marked, fetched liquidity before buyers came in pushing the price back up.

Currently $BTC is trading at $78600 aiming to the next resistance of $79176

What is next for #BTC?

Scenario 1; If buyers defend $77,600 and price shows a strong reaction, we could see another attempt to reclaim $79,176.

Scenario 2;If #sellers break and hold below $77,685, the probability of a move toward $75,394 increases.

WHAT CONFIRMATION SHOULD WE WATCH?

If this 4H candle:

✔ Closes strongly back above $77,685
preferably continues upward and reclaims $79,176

✔ then that rejection becomes much more significant and strengthens the bullish reaction.

However,
if the candle loses its green recovery and eventually closes decisively below $77,685, then the current bounce may simply have been temporary, and $BTC could continue toward $75,394.

Note;Trade the reaction, trade the confirmation Not the prediction.

#priceaction
#SaudiHaltsSouthernEnergySitesAfterAttacks #BTC

What’s going on with #BTC?
The market started Saturday trading very actively:
Open interest showed growth so far.
Over the day, volumes increased significantly.
Liquidations again reached a high level.

On major exchanges, there is a balance between longs and shorts.
Conclusion: the market is still not steady; when opening positions, take into account that the market will pull liquidity with sharp moves.

The real question is till where will drop #BTC?
a) 72000
b) 64000
c) 52000
d) 40000
🤔

What's next for #btc?
#btc is on the right path,
don't you see what's coming next?
.
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