#BTC Rejects $79.5K: Support or Deeper Dip?

BTCUSDT

Perp

78,391.2

+2.72%

Bitcoin just faced a sharp rejection after hitting a 24h high of $79,485. The 1-hour chart shows a significant "red flush," pushing the price below all major Moving Averages (MA 7, 25, 99). Currently, BTC is hovering near $77,765, struggling to find firm footing.

Key Levels to Watch:

Resistance: $78,230 (MA25). Reclaiming this is crucial for recovery.

Support: $77,465. Breaking this low could trigger further liquidations.