5.8 Is the rebound over? 1. BTC's upper resistance level at 82800 has been identified, located around the daily EMA200, which has also appeared in past bear market rebounds. 2. The lower support level is at 77800, which is the position of the daily EMA20 and also a low point. 3. This wave of upward movement is following the 20-day moving average. If it effectively breaks below 77800, the rebound is declared over. If it holds, there’s a chance to test the upper resistance level again.