$BTC — Update on Yesterday's Analysis.
Yesterday we flagged a liquidation cluster at $74.7–74.9K where stops could get hunted. That's exactly what happened.
The low printed at $74.2K, right at the mid-range support cluster and the major lows zone we've been watching for weeks.
We are now seeing a solid bounce back to the local Support/Resistance flip + Point of Control at $76.8K. This is the key level to watch right now.
What happens next:
— Flip $76.8K → $78.5K weekend highs are next. Note: heavy volume around $77.7K, expect some resistance there
— Then $79.2K CME gap + double top S/R flip becomes the second probable target
To the downside, losing $75.4K increases the probability of losing the trend and making new lows.
The move up looks healthy so far with spot leading.
Will update once we get more action.