Everyone is staring at Bitcoin below $82K. But the bigger move already happened. Just two weeks ago, BTC was sitting around $64K, struggling below the 200-day moving average that had been acting as resistance for months. Then everything changed. BTC ripped from $64K to $82K and reclaimed the 200D in one move. That 200D is now sitting around $69.7K — well below the current price. That matters. For the first time this year, the 200D is acting as support instead of resistance. Now there are only a few levels I’m watching: $81.8K — THE BREAKOUT LEVEL This is the major ceiling and the high BTC just tested. A daily close above $81.8K would be a big deal. It would clear the major overhead resistance and potentially open the door for another leg higher. $76K — THE BULLS NEED TO HOLD This is the key short-term support. If BTC pulls back and buyers defend $76K, the higher-high structure remains intact. Lose it, and things get much more interesting. $69.7K — THE LINE IN THE SAND That’s the 200-day moving average. A daily close below it would completely change the setup and could turn this rally into a bull trap. But as long as BTC stays above it, the bigger trend still favors the bulls. And momentum is backing the move. Daily MACD has turned strongly bullish, while RSI is around 73. Yes, RSI is overbought. But strong trends can stay overbought for much longer than people expect. So for me, the setup is simple: $81.8K = breakout $76K = support $69.7K = trend invalidation BTC is sitting right below the most important resistance. Now we find out whether this is just another rejection… or the start of the next leg higher. 🚀
SM Crypto BroShare


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