BTC Bounces Off $74,300 MA: Bulls Defend or Bears Reload?
BTC found support at the black MA around $74,300 after dumping from $74,900. Now consolidating at $74,380.
*Levels:*
Resistance: $74,650 - $74,700 zone. Break above = $74,900 retest.
Support: $74,236 - $74,300 MA zone. Holding for now. Lose this = $73,700 next.
Major Target: $73,000 zone if MA breaks.
*Trade:*
Above $74,300 MA → Long bounce to $74,650. SL $74,200.
Below $74,236 → Short to $73,700. SL $74,400.
*Why It Matters:*
MA is the short-term trend filter. Hold = bulls can recover. Lose = bearish leg to $73K starts.
MA defense in play. Above $74,300 = bulls try. Below = bears run to $73K.
Longing the MA or shorting the breakdown?
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