From TradingView · · 40s
Bitcoin Support Test Looms
Bitcoin faces critical support test as bearish pressure intensifies
In brief
Bitcoin faces critical support test as bearish pressure intensifies BTC must hold 75,200 to avoid deeper decline Originally reported by TradingView.
Current Market Structure
Bitcoin shows bearish pattern on 4-hour chart after failing recent rebounds
Key Support Level
Price near 75,200 as critical support zone for potential rebound
Bullish Scenario
Holding above 76,500 could trigger short-term buying momentum toward 77,500
Bearish Scenario
Breaking below 75,200 may accelerate decline toward 74,800
Critical Levels
First resistance at 76,500, second resistance at 77,500, first support at 75,200
Here's the gist
BTC must hold 75,200 to avoid deeper decline
