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BTC Testing a Critical Support Zone
$BTC has now tapped into the monthly open alongside a major high timeframe support area — and so far, buyers are defending it well.
This is a key level that bulls need to hold if they want to maintain market structure and push price higher from here.
That said, a sweep of the previous low around $75k still looks possible, especially with the amount of liquidity resting below it. If BTC takes that low and quickly reclaims it, it could present a strong scalp long setup.
On the flip side, a confirmed breakdown below this region would significantly increase the chances of a deeper pullback back into the previous range.
#Blazx #BTC #Bitcoin