📊 Bitcoin Daily Market Update

Bitcoin just went through a major capitulation move, crashing hard from the $84K zone down to $75,500, where we saw heavy volume and long downside wicks. This kind of price action signals panic selling and seller exhaustion, not a healthy continuation dump.

Since tagging that low, BTC has stabilized and reclaimed the $78K area, showing that buyers are stepping in and defending the lower range.

At this stage, Bitcoin is not in a confirmed bullish trend, but it’s also no longer in free fall. The market is now transitioning into a post-crash recovery and consolidation phase. Price is currently holding within the $77,500–$79,500 range, acting as a balance zone. As long as BTC holds above $77,000, the odds favor sideways-to-up recovery rather than another immediate breakdown.

🔼 Upside levels

If BTC continues to build this base and pushes higher:

  • First resistance: $80,500–$81,200

  • Major supply zone: $83,000–$84,000

These areas are expected to attract strong selling pressure, so upside moves should be traded cautiously with partial profit-taking. This remains a recovery move, not a confirmed trend reversal.

🔽 Downside risk

If Bitcoin loses $77,000, the structure weakens and $75,500 comes back into play.

A clean break below that level would invalidate the recovery and open the door toward the low-$70K region.

🧠 What to do now

  • Longs: Only above support, with tight risk and modest targets

  • Shorts: Avoid near support; better planned near resistance

  • Flat: Patience is key — best trades come after confirmation, not inside chop

Right now, Bitcoin is in a high-volatility transition phase, where risk management matters more than direction.

#BitcoinETFWatch #MarketCorrection

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