Currently, $BTC is entering a highly sensitive phase as the 77,800 USD region is considered the first important defensive zone for the buyers. This is not only a typical technical support level but also the lower boundary of the "pain point" for the sellers – where many short positions and stop losses are concentrated.


📈 Short-term Scenario
With a relatively dense number of short orders, the buying side is likely to take advantage of this to continuously sweep liquidity. Over the weekend, the market may fluctuate strongly within the 77,800 – 78,700 USD range, creating oscillations to trigger the stop losses of the sellers.
👉 This is a familiar tactic:
• Push the price up to force shorts to close their positions.
• Create a false breakout feeling.
• Attract more liquidity before choosing the actual direction.
📈 Potential Targets
After the "liquidity sweep" process is complete, the price may:
• Continue pushing up to test the 80,000 USD zone, where there is a CME futures gap.
• Or if buying power weakens early, the market will turn downward.
📊 Confirming Bearish Trend Signals
The key level to watch is 77,580 USD. If the price breaks below and closes clearly under this zone, a downtrend will be confirmed, opening the possibility of a deeper correction.
💸 Summary
In the short term, the market is more likely to oscillate and sweep liquidity rather than drop immediately. The buyers have an advantage if they can hold the 77,800 USD zone. However, once the 77,580 USD level is broken, the situation will change completely.
BTC0.09%
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