BTCUSD is currently consolidating above the 76,400–76,700 support zone after a strong bearish impulse from the 80K resistance area. Price reacted sharply from the upper supply zone near 80,300, confirming sellers are still active at higher levels.
The recent structure shows accumulation around support, with buyers defending the lower range multiple times. If BTC maintains above 76,400 and breaks the short-term resistance around 77,600, momentum could continue toward the next supply zone at 79,000–79,500.
Key levels:
- Support: 76,400 – 76,700
- Intraday resistance: 77,600
- Major resistance: 79,000 – 80,300
Bias:
- Short-term bullish recovery while price holds above support.
- A breakdown below 76,400 may trigger another bearish continuation toward 75,000.
Trade idea:
- Bullish above 77,600 targeting 79K.
- Bearish only if price closes below 76,400 on strong volume.
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