**$BTC Bias Update: The 73k & 79k**
It’s crucial to watch the reaction if we hit the 79.3k area. If we reclaim it $BTC goes back to being bullish. If we get rejected it was just a bearish retest and the next logical target is the mid-73s (good short opportunity, especially as a hedge if you hold spot) __Note that both 73k and 79k are key pivots__ The mid-73s area acts as the last bullish defense line. If we retest and bounce there, expect a chop between 73k-79k until the end of summer. The worst-case scenario long-term would be losing the 73s. That means the next logical target is range low (63k) or worse, putting in a new low he most important thing you can do is adapt based on how price reacts to key pivot levels 🤝
u/LiquidityFlow_ — 14 hours ago