$BTC BTC Just Took a Heavy Hit. Now Comes the Real Decision Zone
Bitcoin has dropped sharply and is now trading around $76,900.
The move was fast. Fear kicked in quickly.
This is exactly where most traders lose their discipline.
Let’s slow down and read the chart calmly.
Current Market Structure (1H)
BTC is still in a clear short-term downtrend.
Price remains below key moving averages, which shows that sellers are still controlling the market.
The recent low around $74,560 is important. Price bounced from there, but the bounce is still weak.
Right now, this is not a bullish