CryptoPro

It looks very bad for $BTC. Losing $76,000 is not good. POI is at $68,000, and there is not much volume between current price and $70,500. It looks almost inevitable that we won’t retest $70,500.

$BTC is testing the support at $76,000. We must hold this level otherwise it will be very bad for Bitcoin and other crypto’s. If we lose $76,000 it looks very likely we will see a new low below $74,300.

$BTC has lost the crucial support zone between $75,000–$76,000, which is not a positive sign for the market. Ongoing uncertainty surrounding the Middle East conflict is adding further pressure to risk assets and overall market sentiment. The next 24 hours will be important, but reclaiming this level quickly is key. Falling back into the previous range after losing support is bearish.

$BTC is currently retesting the previous resistance area between $79,000–$80,000. This was a major resistance level, and we’ve now confirmed the breakout above it. Once a key resistance level is broken, it often turns into strong support and that’s exactly what we’re seeing here. I’m still holding my long position, and I view this as a healthy and completely normal retest. While most people are panicking, this is the kind of area where I’m looking for longs, not exits. As long as this zone holds, I still expect continuation higher toward the $84,000–$85,000 resistance area.

$BTC Shakeouts always happen to squeeze late longs. Never FOMO in, and always make sure you lock in profits on the way up.

⚠️ Explosions were heard on Qeshm Island, Bandar Abbas, and Bushehr - Iranian media.