$BTC #BitcoinRisesOnIranPeaceDeal Bitcoin broke below the mO and swept the equal lows around 74.9k, taking a large portion of the downside liquidity in the process. Price is now sitting at a key support zone.
At this stage, many longs have already been flushed out, while late shorts are beginning to enter aggressively at current levels. Historically, this type of setup often forms a local bottom before a relief bounce develops.
Because of that, I’m leaning toward a rebound or re-test into the 78k–80k region. There is also a notable liquidity cluster resting above 78k, making that area a likely target if recovery momentum builds.
Beyond that, significant liquidity still sits above the mH at 82.8k. If BTC can reclaim and hold above 80k, that higher liquidity zone could eventually be targeted as well.
On the lower timeframes, there are currently no major support levels visible. However, price could still extend lower into the 73k–73.5k range first to sweep the remaining liquidity before any meaningful bounce occurs.
#Bitcoin #BTC #CryptoMarketSurge
