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๐ BTC UPDATE โ READ THIS CAREFULLY
Closed my LONG in profit โ
Also secured partial profits from the previous upside push.
Why did I close?
Because BTC is now showing a clear rejection below the major $79Kโ$80K resistance zone.
Price has rallied aggressively from the recent lows without giving any meaningful cooldown, and momentum is starting to weaken.
This area is now acting like a decision point for Bitcoin.
A temporary correction or shakeout from here would be completely healthy before the next big move.
๐ What am I watching now?
There are 2 trading scenarios on the table:
โ SHORT FROM RESISTANCE โ ๏ธ
As long as BTC stays rejected below $80K, a short setup makes sense.
Entry can be taken around current levels with additional scaling if price retests upper resistance.
๐ฏ Main downside target: $74K โ $75K zone
This is the first strong support where buyers may step in.
If support reacts strongly โ close shorts.
If BTC loses that zone โ deeper correction can continue.
โก WAIT FOR SUPPORT & LONG ๐
Safer traders can stay patient and wait.
The best long opportunity comes if BTC pulls back into $74K โ $75K support area.
That zone is technically important because:
โข previous breakout area
โข liquidity resting below
โข buyers likely to defend there
If BTC holds this support, upside trend remains valid and we can look for continuation toward fresh highs.
๐ My Personal View
BTC still looks bullish on the bigger timeframeโฆ
but short term it is overheated.
A cooldown from resistance would not be bearish โ it would actually be healthy.
So right now:
โก๏ธ Chasing longs under resistance = risky
โก๏ธ Waiting for correction = smarter
โก๏ธ Resistance short = aggressive play
Patience is key here.
$BTC โ