$BTC At the moment, I’m watching two key scenarios for BTC.

Currently, BTC has been forming HHs and HLs, with the broader trend over the past 50 days remaining bullish.

For this structure to continue, price needs to hold the LTF uptrend, specifically staying above the 78.6k level. If that level holds, it supports the case for continuation and increases the likelihood of another move back toward the highs. This isn’t guaranteed, but it’s a key condition to watch if we form another higher low.

On the flip side, if 78.6k is lost with conviction and price pushes down toward 76.3k, the structure starts to weaken. At that point, we’d be testing the previous low, which would compromise the series of higher lows and shift the outlook toward a more bearish corrective bias. That would open the door for a potential move back below 70k.

For now, these are the two main scenarios, confirmation will come from how price action develops around these levels.

BTCUSDT

Perp

76,908.2

-1.64%