$BTC : Relief Rally or the Real Deal? 🚀 Key Levels to Watch!
Market Update 📊
Bitcoin is fighting back! After a brutal weekend that saw $BTC dump to a fresh 2026 low of $74,500, we are finally seeing some green. We’ve recovered nearly 5% in the last 24 hours, currently hovering around the $78,500 mark.
What’s Happening? 🧐
Short Squeeze: The bounce was largely driven by liquidations of over-leveraged shorts after we hit "Extreme Fear" levels (Fear & Greed Index at 14!).
Whale Support: Large wallets stepped in at the $75K psychological level, but spot-led volume remains thin.
Macro Pressure: With US interest rate uncertainty and shifting liquidity, analysts are calling this a "technical bounce" rather than a trend reversal—for now.
Technical Targets 🎯
Resistance: $80,000 is the big psychological wall. We need a daily close above this to eye $82,500.
Support: The $74,500 - $75,000 zone is our lifeline. Losing this could trigger a slide toward the $72K region.
My Strategy 💡
The RSI shows we were oversold, so this rally makes sense. However, I’m staying cautious until we flip $80K into support. Don't let FOMO blind you—watch the volume!
What do you think? Is this the bottom, or are we going lower to $70K? Let me know your trade plan in the comments! 👇
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{spot}(BTCUSDT)