$BTC Facing Crucial Support Test: Bounce or Deeper Correction Ahead?
🚨Bitcoin is currently trading near the $73,400 level after facing minor resistance over the past few days. The 4-hour chart shows the price compressing inside a tight consolidation range, indicating that a decisive move is brewing.
Support Floor: The $73,100 - $73,000 zone is holding firm. This area aligns closely with historical pivots and the WazirX Blog TA guide highlights these floors as strong exhaustion points for sellers.Momentum: The RSI is sitting around 45, which leaves plenty of room for an upside continuation if buyers step in at this support line.Potential Trade Scenarios:🟢 The Bullish Breakout: A strong 4-hour candle close above $74,400 could quickly target $76,500, opening the door toward new local highs.🔴 The Bearish Breakdown: If the price loses the $73,000 floor, a quick flush down to the major $70,000 psychological support line is highly likely.Let's see if the bulls can defend this floor! What are your current targets for this week? Are you accumulating here or waiting for lower entries?
👇#BTC