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Morning Big Bitcoin Analysis
The trend turns bearish. Big Bitcoin is under dual pressure today—dropping from the 76,200 support down to around 73,600 before the selling pressure finally eases and it bounces back.
The 736-740 zone is a key short-term line of defense for the bulls. Once it’s breached, the next move could be toward around 70,000. This week’s news is coming thick and fast, and big volatility is still brewing. For those who don’t know the direction, don’t blindly make trades in the choppy range.
Recommendation: If it rebounds to around 74,500-75,000, look to do so for short-term trades. The first target is around 73,500. $BTC