Bitcoin Daily Market Update
Bitcoin is still under strong bearish pressure after the sharp breakdown from the 83–84k zone. The sell-off into 74.5k–75k was impulsive and high-volume, confirming sellers remain firmly in control on the higher timeframe.
The current push toward 75.5k–76k is nothing more than a technical relief bounce, not a trend reversal. Buyers are reacting to oversold conditions, but upside momentum remains weak and hesitant.
As long as $BTC stays below 78k–78.8k, the broader structure remains bearish. Any move into this resistance zone is likely to be met with fresh selling pressure. If you’re long from 74.5k, this bounce is a chance to lock profits and trail stops, not chase entries. Fresh longs here offer poor risk-reward unless price reclaims resistance with strong volume.
On the downside, a loss of 75k again would signal continuation weakness, opening the path toward 73.5k and potentially the low-72k region. Volatility remains elevated — this is a market where patience beats prediction.
📌 What to do now:
Long from lower levels → secure profits & tighten stops
Short → don’t add near support, wait for rejection at resistance
Flat → stay sidelined until confirmation
Bitcoin is still trading in a bearish environment. Capital protection comes first.
#WhenWillBTCRebound #BitcoinETFWatch
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