Bitcoin (BTC) is currently in an important phase where the market started a correction after the recent high of 78,300. Now the price is trading around 75,400, which is a key level.
๐ Current Market Structure
๐ The market has started to create lower highs + lower lows
๐ This means there is short-term bearish pressure
๐ Strong rejection came from the 78k zone
๐ Important Levels
๐ด Resistance Zones
76,000 โ 76,500
78,000 (major resistance)
๐ข Support Zones
74,800 (recent low)
73,500
72,000 (strong demand)
๐ฅ Trading Scenarios
๐ข Bullish Case
๐ If BTC gives a strong breakout above 76,000
๐ The market could retest 78,000 again
๐ Confirmation is essential (fake breakouts are common)
๐ด Bearish Case
๐ If the price breaks 74,800
๐ The next move could drop to between 73k โ 72k
๐ Downtrend continuation might be on the cards
โ ๏ธ Market Insight
๐ Recent move saw a liquidity sweep
๐ Weak traders have had their stop losses hit
๐ The market is currently deciding its direction
๐ฏ Strategy (Simple)
โ๏ธ Sell at resistance
โ๏ธ Buy at support
โ๏ธ Avoid entering in between
๐ก Final Verdict
๐ The market is currently in range + correction mode
๐ Waiting for a clear breakout or breakdown is the best strategy
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