$BTC đ˘
As a result, we got a 3% rebound from our key support and have moved back above $77K.
At around $77,900, there is an important local resistance. A breakout above this level with a confirmed 4 hour candle close would indicate continuation of the upward move toward $79,000â$81,000.
However, until this level is breached, itâs not advisable to rush into opening local long positions. The current rebound could be a deliberate move to manipulate the market with a fake retest of resistance, after which the correction may resume.
Therefore, avoid being influenced by potential manipulation and trade only after proper confirmation!