Bitcoin officially lost the $75,000 zone and has stepped into the $74k zone.



As we clearly mentioned the possible downside levels on May 18th, two levels have been triggered so far. The third level is $74,000. Hopefully, it will reach this soon. The main point is that it could go to $72,000 as well if the $BTC price doesn't hold here.

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BTC-3.41%
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Bitcoin is getting very close to the level we discussed earlier…

🎯 75.6K support zone

And honestly, this next reaction could decide the market direction for the coming days.

Current Structure
$BTC lost short-term momentum after rejection near 82K
• MA7 & MA25 already rolling bearish
• RSI cooling down heavily
• MACD momentum fading

This is no longer a clean breakout structure.

Now the market is entering the decision zone.

2 Major Scenarios From Here

1️⃣ Support Holds At 75.6K

➡️ Buyers defend aggressively
➡️ Panic selling slows down
➡️ Relief bounce toward 78K possible

This would basically mean:

👉 Current dump = healthy correction inside trend

And traders may start rebuilding bullish momentum again.

2️⃣ 75.6K Fails

➡️ Support breakdown confirms weakness
➡️ Liquidity opens below
➡️ Fast move toward 74K → 72K

And once #BTC loses a major support after multiple rejections… downside usually accelerates FAST.

Why This Zone Matters So Much

This level is acting as:

✅ Horizontal support
✅ Psychological level
✅ Short-term structure defense
✅ Last buyer reaction area

If bulls cannot defend this region… market sentiment may shift bearish very quickly.

🎯 Key Levels

➡️ Critical support: 75.6K
➡️ Bounce target: 78K
➡️ Breakdown targets: 74K → 72K
➡️ Major resistance: 79K–80K

Right now price is literally standing at a cliff edge.

One strong bounce…
🚀 market regains confidence.

One hard breakdown…
📉 panic and liquidations can increase very fast.

Next move is likely going to be huge.

#GateSquarePizzaDay
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GateUser-696db78d
· 2h ago
are you dropping any btc trades soon... what happens if we see sub 70k
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