BTC Market Update: The Tug-of-War at $77k 🐼
Bitcoin is currently navigating a high-stakes "liquidation zone." While the immediate trend has been under pressure, we are seeing a critical battle at the $74,000–$75,000 demand level. As long as bulls defend this floor, the stage is set for a relief bounce toward the $80k–$82k resistance zone.
📉 The Short-Term Play
We are currently holding a long position from $77,044. The strategy is simple: target the overhead liquidity while using a tight trailing stop to protect against the "wick" manipulations we've been seeing.
Current Entry: ~$77,044
Stop Loss (SL): $73,800
Primary Targets: $79,200 | $81,000 | $83,000
Moon Bags: $84,500+
⚠️ The Macro Warning
Don't get too comfortable. While we're hunting for a bounce now, the mid-year outlook remains cautious. If momentum fails to reclaim higher ground, a deeper correction toward the $50k–$60k range later this year is a very real possibility.
Risk Management: The market is hunting stops. Use no more than 0.5–1% of your portfolio on this trade. Lock in 30-40% of profits at TP1 and move your SL to entry ($75,900 or better) to ensure a "risk-free" ride.
Stay sharp, watch the wicks, and trade the plan! 🤝🔥
#PriceAction