$BTC Next Move:
For the BTC/USDT pair's next potential moves, here’s what to watch based on the current chart setup:
1. Bullish Scenario:
If BTC breaks above the 76,850 resistance level with strong buying volume, it could move towards the 77,300–77,500 range. This would confirm bullish momentum and may attract more buyers, possibly driving the price higher.
The next significant resistance above 77,500 would be closer to 78,000–78,200.
2. Bearish Scenario:
If BTC fails to break above 76,850 and faces selling pressure, it could pull back to test the immediate support around 75,000.
A breakdown below 75,000 could bring it down towards 73,500, where it may find a stronger support level.
3. Indicators to Watch:
Volume: Increasing volume on upward moves would confirm a bullish breakout, while decreasing volume could signal a lack of momentum and a potential reversal.
RSI and Stochastic RSI: If the RSI approaches overbought territory (around 70), watch for signs of a pullback. If the Stochastic RSI begins to rise from current levels, it might indicate a continuation of upward momentum.
In summary, the next move could be upward if BTC breaks 76,850 with strong volume, targeting 77,500. Otherwise, a pullback towards 75,000 or lower support levels could be expected. As always, monitor for sudden volume spikes, and consider stop-loss levels to manage risk.
