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Bitcoin is trying to recover, but I am not convinced that the correction is over yet.
BTC is hovering around the $77,900 area after losing momentum near $82,000. Buyers are attempting to stabilize the market, but the recovery still needs confirmation. For me, this is a zone where patience matters more than chasing every green candle.

The most important level I am watching is $79,000. If Bitcoin can reclaim this resistance with strong buying volume and hold it on a retest, the next potential targets are $80,000, $81,300 and eventually $82,000.

However, if BTC continues getting rejected below $79,000, sellers could regain control. A breakdown below $77,000 would increase the possibility of a move toward $76,300–$76,000. If that support fails, the $75,000 region could become the next area of interest.

My trading strategy

I am watching two possible setups rather than predicting one direction.

Scenario 1 – Long setup

Entry zone: $78,800–$79,100 after a confirmed breakout and successful retest.

Stop-loss: $78,000.

Take-profit 1: $80,000.

Take-profit 2: $81,300.

Take-profit 3: $82,000.

Scenario 2 – Short setup

Entry zone: $76,900–$77,000 after a confirmed breakdown and failed retest.

Stop-loss: $77,800.

Take-profit 1: $76,300.

Take-profit 2: $75,500.

Take-profit 3: $75,000.

These are conditional setups, not market orders. I would wait for confirmation on the 15-minute and 1-hour charts before considering either trade.

My personal view

I don't want to confuse a temporary bounce with a genuine trend reversal. Bitcoin needs to recover $79,000–$80,000 to improve its short-term structure. Until then, I prefer protecting capital, keeping leverage controlled and waiting for a cleaner opportunity.

Sometimes the best trade is the one you don't force.

$BTC
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MultiSigGuard
4 minutes ago
The 79k level is crucial; if it can't break above, it's a fake rebound
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BlueChipMuseum
an hour ago
Scenario 2's stop-loss is set a bit too tight
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AytacV123
an hour ago
Would you buy here?
0
AytacV123
an hour ago
Earnings season getting spicy 📊
0
AytacV123
an hour ago
Earnings season getting spicy 📊
0
EmojiFarmer
an hour ago
I've also had that 76.3k support level marked and been watching it for a long time
0View Original
OnchainJoker
an hour ago
Pull back on leverage and wait until the structure becomes clearer
0View Original
AirdropHunter
an hour ago
BTC longs and shorts both hurt here; best to wait
0View Original
MaxParentheses
an hour ago
Don’t chase green candles; wait for a pullback confirmation
0View Original
MrFlower_XingChen
an hour ago
Author
Can BTC reclaim $80K? 🤔
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