$BTC : Relief Rally or the Real Deal? đ Key Levels to Watch!
âMarket Update đ
Bitcoin is fighting back! After a brutal weekend that saw $BTC dump to a fresh 2026 low of $74,500, we are finally seeing some green. Weâve recovered nearly 5% in the last 24 hours, currently hovering around the $78,500 mark.
âWhatâs Happening? đ§
âShort Squeeze: The bounce was largely driven by liquidations of over-leveraged shorts after we hit "Extreme Fear" levels (Fear & Greed Index at 14!).
âWhale Support: Large wallets stepped in at the $75K psychological level, but spot-led volume remains thin.
âMacro Pressure: With US interest rate uncertainty and shifting liquidity, analysts are calling this a "technical bounce" rather than a trend reversalâfor now.
âTechnical Targets đŻ
âResistance: $80,000 is the big psychological wall. We need a daily close above this to eye $82,500.
âSupport: The $74,500 - $75,000 zone is our lifeline. Losing this could trigger a slide toward the $72K region.
âMy Strategy đĄ
The RSI shows we were oversold, so this rally makes sense. However, Iâm staying cautious until we flip $80K into support. Don't let FOMO blind youâwatch the volume!
âWhat do you think? Is this the bottom, or are we going lower to $70K? Let me know your trade plan in the comments! đ
â#Bitcoin #BTC #CryptoAnalysis #BinanceSquareTalks #Write2Earn
