Bitcoin ($BTC ) is currently navigating a critical recovery phase after a sharp sell-off that pushed price into a major support region. As seen on the chart, price reacted strongly from the strong support zone around the low $60Ks, forming a swift rebound with aggressive buying pressure. This type of reaction typically signals that demand stepped in decisively, at least in the short term. However, rebounds after steep drops often lead into structured retracement levels before any larger continuation move.
From a technical standpoint, the next key liquidity area sits between $75,000 and $80,000. The $80K level represents a major psychological resistance and prior breakdown region, while $75K stands out as the highest probable retracement level from this dip based on previous consolidation and supply zones. Historically, Bitcoin tends to retrace into prior breakdown structures before deciding its next macro direction. That makes this zone a logical magnet for price if bullish momentum continues.
The $75K level in particular aligns with what I consider the highest retracement we may see from this current bounce. If price pushes into that area, it would represent a healthy recovery without fully reclaiming previous range highs. It’s also where sellers previously gained control, which increases the probability of reaction. For that reason, my trade targets are positioned within the $75K–$80K zone, anticipating liquidity and potential resistance there.
It’s important to recognize that volatility remains elevated. Large wicks and fast moves suggest that both short liquidations and reactive buyers are driving the market. If momentum sustains and higher lows continue forming on lower timeframes, continuation into the retracement zone becomes increasingly probable. However, failure to hold above the $70K region could weaken the bullish case and invite further consolidation.
Overall, the structure suggests that $BTC can move toward $80K, with $75K likely acting as the highest retracement level from this dip before significant resistance appears. My strategy remains focused on trading into that zone rather than chasing extremes. In volatile conditions like this, disciplined targets and clear invalidation levels matter more than emotional bias. $ETH