$BTC BTCUSDT Market Update (1H Timeframe)

Current Situation

BTCUSDT is trading around 79,250 after a sharp drop. The price recently dipped to a low near 78,116 and reacted slightly. The market remains under pressure, but short-term selling seems stretched. This area is crucial for the next move.

Key Price Zones

Major Resistance Zone

84,600 to 85,500

This zone served as strong resistance before the breakdown. A return to this area may face heavy selling.

Near-Term Resistance

80,700 to 81,200

The price needs to reclaim this zone to reduce bearish pressure. Without a reclaim, any upside remains limited.

Mid-Range Zone

82,500 to 83,500

This was previous support. It may now act as resistance if the price returns.

Major Support Zone

78,000 to 78,300

This is the recent low and a strong demand area. Buyers responded here, making it an important level to watch.

Breakdown Risk Zone

Below 78,000

A clear break below this level would weaken the market structure further.

Bullish Scenario

Price holds above 78,000

A base forms near current levels

Possible upside targets:

First: 80,700

Then: 82,500

This scenario requires time and stable price action.

Bearish Scenario

Price fails to hold 78,000

Selling pressure increases

Downside risk opens below recent lows

This would confirm a continuation of the downtrend.

Summary

BTCUSDT is near a key support zone. If it holds, we may see a short-term bounce. A breakdown would keep the market weak. Let the price confirm its direction before making decisions.