🔍 Current Market Structure (1D)

Price: ~77,845

Trend: Strong bearish

Structure: Lower highs + lower lows → downtrend intact

BTC got rejected hard near 97,900 and since then it’s been a distribution → breakdown → panic leg.

📉 EMA Analysis (Very Important)

From your chart:

EMA 7: ~81,723

EMA 25: ~87,086

EMA 99: ~93,287

✅ Price is below all EMAs

✅ EMAs are fanned out downward

👉 This confirms strong bearish momentum, not just a pullback.

🔮 Volume Confirmation

Huge red volume spike during the drop

Sellers are aggressive → real distribution, not fake dump

This is institutional selling, not retail noise.

đŸ§± Key Support & Resistance Zones

🟱 Immediate Support

75,700 (major daily support – already tested)

If this breaks & closes below ⛔:

72,800 – 73,200

Then 69,500 – 70,000 (psychological + structure)

🔮 Resistance (for any bounce)

80,800 – 81,700 (EMA 7 zone)

84,500 – 85,000 (breakdown level)

88,800 – 89,800 (EMA 25 + structure resistance)

Price must reclaim 85K+ to even talk about trend change.

🧠 Likely Scenarios (Next 1–2 Weeks)

đŸ”» Bearish Continuation (Higher Probability)

Weak bounce → rejection near 81–82K

Breakdown of 75,700

Move toward 72K → 70K

🟡 Relief Bounce (Only if support holds)

Sideways consolidation 75–80K

Short-term bounce, but still a sell-the-rally market

#WhenWillBTCRebound #PreciousMetalsTurbulence #MarketCorrection #BTC

$BTC

BTC
BTC
68,960.57
+3.75%