BTC: Downside Risk Only Below $73k Line
BTC confirms February $60k bottom with successful third test, downside only if close below $73k orange line as price sits at $78498.5.
SourceAnalysis
BTC confirmed the February $60k support zone as a durable bottom after two orange-circle rejections and a successful green-circle break, keeping downside risk active only on a close below the orange line near $73k. At $78498.5 the four-hour structure remains bullish above both the EMA50 at $75183.65 and EMA200 at $68533.37, yet the MACD death cross at 935.71 signals fading momentum while price trades inside the Bollinger band with upper resistance at $80388.32 and lower support at $76716.37; with price pressing toward that upper band and RSI(14) at a neutral 56.47, a healthy retracement toward the $73k-$75183 confluence zone appears probable before any continuation higher in the current BTC market structure.
Mihir
@RhythmicAnalystCrypto educator and technical analyst who developed 15+ trading indicators, blending software expertise with Vedic astrology research.