#BTC 💰 Pressing Lower

At the moment, the price is testing a key local support zone in the $78,000 - $79,400 range.

Right now, a scenario is developing where the downward move could begin without an additional liquidity sweep around $83,000 - $84,000. Essentially, a lot will depend on how the price manages to hold and close around the current levels.

*️⃣ So far, the buyers’ reaction within the support zone looks relatively weak. If we don’t see a confident response from buyers soon, there is a risk of breaking below this range. In that case, a more significant decline could start rather quickly, especially considering the large amount of liquidations and stop orders positioned below.

Conclusion: at the moment, the situation is leaning more toward further downside. Of course, it’s better to work only after confirmation. If the daily candle closes below the support zone, or inside it but without a long lower wick, then we can expect a 📉 move at least toward the $73,600 - $74,800 area.