On the daily chart, #Bitcoin pulled back after hitting a high of $82,500 in early May and is now consolidating in the $76,000-$78,000 range. This zone is critical because price is searching for direction around the short-term moving averages and the 0.236 Fib level at $77,780.

$BTC remains stuck in a decision zone around $77,800. A hold above $78,300 could bring tests of $80,000 and $82,500. As long as $82,500 isn’t broken, upside remains limited. Daily closes below $77,780 would put pressure on support at $76,360 and $71,900. The market is waiting for a new catalyst for direction.