$BTC Market Update | 1M Timeframe
Bitcoin is currently trading around $77,900, showing a strong pullback of nearly 7.6% from recent levels. After rejecting the $126K region, the price has moved below the MA(7) and is now approaching the MA(25), which is acting as a key dynamic support.
This correction looks healthy in the context of the broader trend, as $BTC is still holding above major long-term support zones. The $75,500 – $72,700 range is critical. A strong hold here could indicate accumulation and a potential continuation of the larger bullish structure.
If price fails to hold this support, we may see a deeper retracement toward lower demand zones. Volume remains elevated, suggesting active participation from both buyers and sellers.
Key levels to watch:
Support: $75,500 → $72,700
Resistance: $83,600 → $91,800
Market remains volatile. Risk management is essential. Trade smart, not emotional.
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