Honestly, the thing that stopped me on this BTC/USDT 1h chart is how fast the dump got erased. Price flushed down to 75,725.3 and now it's sitting around 78,288, up roughly 1.11% on the day. That's a hard V shape to ignore.

Zooming out, it looks like a range with a nasty wick at the bottom. The recent high is 78,864.0, and the low at 75,725.3 came with a big volume spike. Sometimes that's buyers absorbing the selling, sometimes it's just a flush. I can't tell yet. The bounce has been strong, but the latest candle is red with a lower wick, so buyers are getting tested right under resistance.

On indicators, volume MA5 (392.438) is under MA10 (463.773), which tells me participation is cooling as price climbs. A push into 78,864.0 on fading volume makes me cautious. Support I'm watching: 77,294.6 first, then 76,509.9. Until I see a close above 78,864.0, I treat it as resistance.

This is the spot where chasing hurts. Buying a green candle right under resistance usually means a bad entry and a stop that's too wide to be sensible. I'd rather miss a move than force one.

If I were planning it using only levels from this chart, I'd wait for a pullback:

Entry zone: around 77,294.6

Stop-loss: below 76,509.9

Take-profit: 78,864.0

Risk is about 785 points for roughly 1,569 points of reward, so about 1:2.

I'd want to see price hold 77,294.6 and react bullishly, or a clean 1h close above 78,864.0 with volume picking up. A close below 76,509.9 and the idea is dead.

None of this is certain, and Bitcoin can flip on you quickly. Keep size small and protect your capital first.

Do you think that wick at 75,725.3 was real absorption, or just a liquidation flush that gets retested?

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