$BTC The $77K level continues to hold for now.
So far, every time BTC has approached this level, buyers have quickly stepped in and pushed price back up.
However, now that structure has flipped bearish, I believe the chances of eventually breaking below this level have increased.
Unless spot demand starts picking up significantly and buyers manage to push price back above $79.4K, I would slightly favor another continuation to the downside.
While another move to the upside currently looks less likely, we still can’t rule it out as long as $77K continues to hold.
