#BTC daily chart analysis ....
๐ Current Structure (Daily)
Price is around 78,100
Clear downtrend:
Price below MA(7), MA(25), MA(99)
Lower highs + strong bearish candles earlier
Recent low formed near 74,500
Small bounce โ looks like a relief bounce, not trend reversal
๐ What might happen next?
๐ด Scenario 1: Bearish continuation (more likely)
This bounce could be dead-cat / technical pullback
If BTC fails to reclaim 80kโ81.5k, sellers may step in again
Key downside levels:
76,800
75,500
Worst case retest: 74,500
๐ Reason:
Strong resistance from moving averages
No bullish structure break yet
๐ก Scenario 2: Range / consolidation
BTC may chop between 76k โ 81k
Market waits for:
Macro news
ETF / institutional flows
Liquidity sweep
This would trap both longs and shorts.
๐ข Scenario 3: Short-term bullish relief (less likely, but possible)
If BTC breaks and holds above 81.5k
Then targets:
84k
86โ88k (major resistance)
โ ๏ธ Still a counter-trend move unless daily closes flip above MA(25).