This is not continuation… this is cooling off after a strong push ⚠️
On $BTC /USDT (1H), price ran hard into 78.3K, got rejected, and now we’re seeing a steady grind down — not panic selling, but controlled distribution.
What stands out:
Strong impulse → followed by lower highs
Sellers stepping in gradually → momentum fading
Price now sitting near 76.5K + Supertrend (~76.1K) → key support zone
Key Levels:
Resistance: 77.5K – 78.3K
Support: 76K – 75.6K
Breakdown level: < 75.5K
My read:
Right now BTC is not weak… but it’s no longer aggressive bullish.
This looks like: ➡️ Either consolidation before next leg
➡️ Or a deeper pullback if support fails
Scenarios:
Bullish case:
Hold 76K zone
Reclaim 77K+
Then another attempt at 78K breakout
Bearish case:
Lose 76K cleanly
Next liquidity sits around 75.5K → 74.8K
Smart move here:
This is not a chase zone.
Either:
Wait for support reaction
Or wait for reclaim of strength above 77K
Right now, market is deciding… and this is where most traders get trapped.
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