$BTC has finally broken down and touched that 74K zone that we have been watching for several days. Right now, the price is around 74.7K, and to be honest, this is one of those areas where the market usually determines its next major move. What makes this zone important is not just its number. If you look back closely, you will see that this same area acted as resistance multiple times in March. The price was repeatedly rejected there. Then, in late April, the market finally climbed above it and turned it into support. Such changes are usually very important, because it shows where real buyers are willing to trade.

And now BTC is back there again.

Personally, I don’t think this is a level where it would be wise to rush into trading. The market is basically testing whether the buyers still have strength. Sometimes these zones hold up nicely and start a strong bounce (return). Other times they break down drastically and turn into a rapid decline. That’s why candle confirmation is more important than forecasting.

I’m mainly watching the 4-hour candle reaction right now.

If we start to get a proper bullish rejection here — maybe a long wick from below, a bullish engulfing, or a close above the zone due to strong buying pressure — then I honestly think it would make sense to go long again. In that case, 76k would be within reach very quickly, and if momentum continues to build, it’s not out of the question to go all the way to 78k from there. It would probably be most logical to place a stop loss below 73k, because if BTC starts to close clearly below that area on the 4-hour timeframe, this whole support structure would be severely weakened.

And if 73k breaks really hard, I don’t think the market will stop right away. The first downside target would probably be 71k, and after that the big demand zone around 65-66k will come back into the discussion.

Now the interesting thing is, the market still seems uncertain. No one seems completely confident yet. Usually, the big moves start from there. Either the buyers will defend this area hard and BTC will start to regain momentum…... or this support will finally break after weeks of pressure.

For now, I’m not trying to speculate. I just want to see how the price reacts here first. This is one of those levels where patience is probably more important than speed🎯

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