Current Situation: BTC is trading around $74,500–$75,000, pressing against a critical resistance zone of $75,000–$76,000 . This area has rejected prices twice recently, forming a potential double top pattern .
Bearish divergences are appearing on lower timeframes, and $76,000 is the key breakout threshold. Above this level, $78,600–$80,000 becomes the next target. Below $75,000, the first support sits at $71,000**, followed by **$67,500–$69,800 .
Institutional Flow: BlackRock reportedly purchased $500M in BTC in the past 48 hours, providing underlying support. However, on-chain inflows remain weak overall .
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Trading Plan $BTC
🔴 Sell/Short Entry: Below $75,000 (look for breakdown confirmation)