🔍 What the Chart Is Clearly Showing

1ïžâƒŁ Market Structure

BTC was distributing near 84,000 (range + rejection zone)

Multiple lower highs formed → smart money exit

Once 83,500–83,000 support broke, price entered free fall mode

📉 This is a classic distribution → breakdown → liquidation cascade

2ïžâƒŁ Momentum & Volatility

The drop from ~83,000 → 77,000 is high momentum

Sharp wicks near the bottom = forced liquidations

No proper base formed yet → selling pressure not fully exhausted

This is NOT a healthy pullback, this is a panic move

3ïžâƒŁ Key Levels (Very Important)

🔮 Major Resistance Zones

80,800 – 81,200 → first supply

82,800 – 83,200 → breakdown zone (strong sell if revisited)

84,000 → macro rejection top

🟱 Major Support Zones

77,000 – 76,500 → current demand (weak, but reactive)

75,800 – 75,200 → next liquidity pocket

72,000 – 73,000 → BIG HTF demand (if panic continues)

🧠 Market Psychology Right Now

Late longs are trapped above

Bears are in control short-term

Smart money will either:

Accumulate slowly below 76k

OR run one more stop-hunt lower before bounce

🔼 BTC Price Prediction (High-Probability Scenarios)

🟡 Scenario 1: Dead Cat Bounce (Most Likely – 60%)

BTC bounces to 79,500 – 80,500

Gets hard rejected

Then retests 76k or lower

📌 Best for: Scalp shorts / sell on pullback

🟱 Scenario 2: Range Formation (25%)

Price holds 76.5k

Consolidates between 76k – 79k

Builds base for a later move

📌 Best for: Quick scalps only, no swing longs

🔮 Scenario 3: Capitulation Flush (15%)

Support fails at 76k

Fast dump to 73k – 72k

Massive wick → reversal later

📌 This would be the best long opportunity, but only AFTER confirmation

💡 Trading Plan (Practical & Safe)

❌ What NOT to do

No blind longs right now

No revenge trading

No holding scalps overnight

✅ What TO do

Sell pullbacks below 81k

Wait for clear structure shift before longing

Use tight SLs, volatility is extreme

🧭 Bias Summary

Short-term: 🔮 Bearish

Intraday: ⚠ Volatile, sell rallies

Mid-term: 🟡 Neutral until 72k–75k reaction

$BTC

BTC
BTCUSDT
68,922.4
+5.20%

#USGovShutdown #btc70k #viralpost #newscrypto #Insights