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$BTC Reclaimed $72,000 Bears Waiting at THIS LEVEL ๐ป
Bitcoin has perfectly bounced off the Support Trend Line at $65,000 and is now trading above $71,000, reclaiming the $72,000 level. Strong reaction from buyers in a key structural zone.
But the price is still trading below the Bearish Order Block 1 at $76,000. This is the most important level right now.
Two clear scenarios ๐
๐น Bullish Case: HTF candle close above $76,000 reverses the short-term structure. If that happens, a high chance BTC pushes into the $86kโ$90,000 zone where Bearish Order Block 2 awaits for the next liquidity grab.
๐น Bearish Case: Rejection from $76,000, losing the upward trend line support, and BTC ready for the next downward move below $60,000, sweeping liquidity at BOS at $59,800.
Key Levels ๐
โ Resistance: $76K (OB1) / $86Kโ$90K (OB2) / $97,900 (ChoCh)
โ Support: $65K TL / $59,800
โ Decision Zone: HTF close at $76,000
Until the $97,900 ChoCh level is reclaimed on the HTF close, the macro structure remains bearish. Every rally is a retracement until proven otherwise.
Pay close attention to level $76K . Thatโs where the next big move will determine itself.
TA Only. Not Financial Advice. ALWAYS Do Your Own Research.#GateSquareAprilPostingChallenge #CryptoMarketRecovery