#BTC Analysis
As we’ve seen, BTC has broken down from its bullish channel and is currently trading in the $75.5K – $76.5K zone, forming a falling wedge pattern , A breakout from this wedge can easily push price toward $78,500, which may act as the right shoulder of a potential head and shoulders pattern.
👉A strong rejection from $78.5K could send BTC into much lower levels
👉A clean reclaim of $81K will invalidate bearish structure and open the path for higher targets .
Now, talking about key support zones:
$73,700 — Short-term support (1H timeframe)
$68,600 — GOOD HTF support (4H timeframe