Bitcoin Weekend Key Support Level Test



Bitcoin is steadily approaching the main demand zone. The current price decline is occurring on lower trading volume, which is typical for weekends, so an immediate sharp reaction should not be expected. The market is "probing" liquidity within a broad range of $75,046 – $73,977.

This zone is crucial for maintaining the current upward trend. It contains the major accumulated volume from before, so a reasonable expectation is for buying activity to resume here. However, the sticky nature of the movement suggests that long-term consolidation within this area may occur before a decision is made. If buyers cannot hold the lower boundary, we may face cascading liquidations and a deep correction phase.

A price break below $73,977 and a confirmed fix on the hourly chart will invalidate the bullish scenario. In this case, a rapid decline to $71,000 – $68,000 will be possible. Until clear confirmation of protective volume, we operate at the specified POI boundary and remain highly attentive to volatility. $BTC
BTC-2.48%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin