$BTC Next move:
The next move for BTC/USDT could likely depend on whether it breaks through its immediate resistance or starts to lose momentum. Here are two scenarios:
1. Bullish Scenario: If BTC can break above the recent high near 76,850, it could continue towards the 77,500 - 78,000 range. This move would be supported by sustained buying pressure, and the short-term EMAs remaining above longer-term EMAs.
2. Bearish Scenario: If BTC fails to break resistance and shows signs of reversal (e.g., increased selling volume, weakening RSI), it may retrace to test support levels around 74,500 or even down to 73,500. A drop below these supports could indicate a potential deeper correction.
Key Indicators to Watch:
Volume: An increase in volume along with a price rise could support a move towards 78,000.
RSI: If the RSI reaches overbought levels (above 70), a pullback could be likely.
Price Action around 76,850: If BTC struggles to break this level, it may signal a potential reversal.
In summary, monitor the resistance at 76,850 and any signs of volume changes to gauge whether BTC will continue upwards or start to pull back.
