BTC 2H UPDATE TODAY
Current priority scenario: BTC is still leaning bullish on the 2H chart as long as it holds above 78,200–78,500. However, the 79,500–80,000 zone is a strong psychological resistance, so avoid FOMO right near that level.
A better play is:
Wait for a pullback to 78,200–78,500 and look for a confirming candle to long.
Or wait for the 2H candle to close above 80,000, then a successful retest before entering.
Important support levels:
78,200 – 78,500: near support, short-term retest zone.
77,350 – 77,800: stronger support zone for the day, coinciding with the current intraday low.
76,800 – 77,000: if this level breaks, the 2H bullish structure weakens significantly.
Important resistance levels:
79,400 – 79,800: near resistance, an area likely for taking profits.
80,000: a major psychological level.
81,500 – 82,000: higher target zone if 80,000 breaks with good volume.
Liquidity zones:
Liquidity above: 79,500–80,000, where short stop-loss and breakout traders are concentrated.
Liquidity below: 77,350–77,800, where long stop-losses are prone to getting swept. This analysis framework adheres to capital preservation principles, reading price structure and confirming with volume/VSA instead of guessing.
Prioritize waiting for confirmation, no guessing. A good trade is one with a plan, a stop-loss, and clear invalidation conditions.
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