Bitcoin is currently trading into a strong daily supply zone (~78.5K–79K) after a solid impulsive move up. Price is reacting right at resistance, making this a key decision area.
🔍 Current Structure
Price has reclaimed the 0.5–0.618 zone (76.5K–77.1K) → bullish strength
Now testing higher timeframe supply
Below, multiple sell-side liquidity levels ($$$) remain untouched
🧠 Scenarios
🔴 Bearish Rejection (Preferred Short-Term)
Rejection from daily supply
Sweep internal liquidity → move lower
Targets:
75K liquidity
73K FVG
71–72K FVG (deeper pullback)
🟢 Bullish Continuation
Clean break and acceptance above 79K
Turns supply into support
Continuation toward new highs
⚠️ Key Levels
Resistance: 78.5K–79K (daily supply)
Support: 76.5K–77K (0.5–0.618 zone)
Major downside targets: 73K / 71K
💡 Summary
Price is at a high-timeframe resistance, with liquidity resting below. Short-term pullback is likely unless bulls show strong acceptance above supply.
Wait for confirmation — this is a reaction zone, not a blind entry.
🔍 Current Structure
Price has reclaimed the 0.5–0.618 zone (76.5K–77.1K) → bullish strength
Now testing higher timeframe supply
Below, multiple sell-side liquidity levels ($$$) remain untouched
🧠 Scenarios
🔴 Bearish Rejection (Preferred Short-Term)
Rejection from daily supply
Sweep internal liquidity → move lower
Targets:
75K liquidity
73K FVG
71–72K FVG (deeper pullback)
🟢 Bullish Continuation
Clean break and acceptance above 79K
Turns supply into support
Continuation toward new highs
⚠️ Key Levels
Resistance: 78.5K–79K (daily supply)
Support: 76.5K–77K (0.5–0.618 zone)
Major downside targets: 73K / 71K
💡 Summary
Price is at a high-timeframe resistance, with liquidity resting below. Short-term pullback is likely unless bulls show strong acceptance above supply.
Wait for confirmation — this is a reaction zone, not a blind entry.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join My telegram channel Free:
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t.me/+r-thYiraqh4xNjI0
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.