$BTC ‌#BitcoinBoomsAbove$75K

Trend
Market still leaning bearish in the short term

Price structure remains intact with consistent lower highs and lower lows
This bounce looks more like a temporary relief move, not a confirmed reversal
Indicators

EMA 30 (~74,100) → acting as a ceiling,

price struggling to reclaim it

EMA 5 & 10 → attempting a bullish cross, signaling a short-term push

MACD → momentum turning positive but still in early phase, not strong yet

Key Levels

Resistance:
74,100 – 74,300 (critical EMA zone)

75,000 (psychological + rejection area)

Support:
73,500 (recent reaction zone)

72,900 (strong base support)

Trade Setups
Short Bias (Preferred)

Entry: Watch for rejection around 74,100 – 74,300
Targets:
73,500
73,000
72,900
SL: Above 74,600

Trend favors downside + resistance still holding

Long Bias (Only on confirmation)
Entry: Clean break and hold above 74,300
Targets:
75,000
75,800
SL: Below 73,800

👉 Requires strong volume + acceptance above resistance

Conclusion
Current move looks like a pullback within a bearish structure
Better to fade resistance until the market proves strength with a solid breakout