🐝 BTC UPDATE — READ THIS CAREFULLY


Closed my LONG in profit ✅
Also secured partial profits from the previous upside push.
Why did I close?
Because BTC is now showing a clear rejection below the major $79K–$80K resistance zone.
Price has rallied aggressively from the recent lows without giving any meaningful cooldown, and momentum is starting to weaken.
This area is now acting like a decision point for Bitcoin.
A temporary correction or shakeout from here would be completely healthy before the next big move.
📌 What am I watching now?
There are 2 trading scenarios on the table:
① SHORT FROM RESISTANCE ⚠️
As long as BTC stays rejected below $80K, a short setup makes sense.
Entry can be taken around current levels with additional scaling if price retests upper resistance.
🎯 Main downside target: $74K – $75K zone
This is the first strong support where buyers may step in.
If support reacts strongly → close shorts.
If BTC loses that zone → deeper correction can continue.
② WAIT FOR SUPPORT & LONG 📈
Safer traders can stay patient and wait.
The best long opportunity comes if BTC pulls back into $74K – $75K support area.
That zone is technically important because:
• previous breakout area
• liquidity resting below
• buyers likely to defend there
If BTC holds this support, upside trend remains valid and we can look for continuation toward fresh highs.
🔍 My Personal View
BTC still looks bullish on the bigger timeframe…
but short term it is overheated.
A cooldown from resistance would not be bearish — it would actually be healthy.
So right now:
➡️ Chasing longs under resistance = risky
➡️ Waiting for correction = smarter
➡️ Resistance short = aggressive play
Patience is key here.
$BTC
BTC0.25%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin