
$BTC is now attempting the bullish reclaim scenario I outlined earlier. Price dropped to $75.6K during the Asian session, coming close to the major $75K support, before recovering back above the $77K–$78K zone. That's a constructive reaction, but the reclaim still needs to hold. If buyers can establish acceptance above this area, the immediate downside pressure could start to ease, opening the door for a move toward $80K. However, the broader 4H structure remains bearish. BTC still needs to reclaim the 4H 200 EMA around $80.4K and establish support above it before the structure turns bullish. Another test of the recent lows is still very much on the table.
