$BTC ‌$BTC Hold at $76.5k support, resistance at $77.8k!!!!


Key levels: BTC at $77,028; support at $76,564/$76,927; resistance at $77,800/$78,200.
Buy signal: If RSI remains high, enter near $76,564 to $76,800; if it reclaims $77,800, confirm the rebound.
Sell signal: Reduce positions between $77,800 and $78,000; if it falls below $76.5k, target the downside space to $75,800.
Catalyst/Background: Strive company bought 789 BTC; bullish sentiment from smart money aligns with the $76,500 support level.
The long-to-short ratio reaches 4.9x, indicating whales and traders are predominantly long.
Whale average entry price is close to $76,720, consistent with the current support zone at $76,500.
Shorts above $77,000 may be forced to close, supporting the rebound potential.
Short-term: Buy on dips at $76,564, with a stop below $76,500, targeting resistance at $77,800.
Mid-term: Wait for the 1-hour close above $77,800 to confirm trend reversal before adding positions.
Long-term: If a deeper correction occurs amid sustained institutional buying, gradually build positions near the 4-hour support at $75,800.
BTC-2.96%
View Original
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