BTC If we lose this level, $77K is next. After sweeping the previous high, BTC immediately found acceptance back below and is now selling off aggressively into this support area. The level we are currently approaching lines up very well with the 0.5 Fib level and also has the monthly open sitting right below it. Although this is technically a solid support area, bearish momentum looks very strong right now. Aside from that, we also need to consider that price is now trading back inside the old range. Therefore, I don’t really want to enter a trade right in the middle of it. Instead, I’d rather wait for price to approach the range lows again and look for a potential sweep below them to take out some additional liquidity, followed by a quick reclaim. If that happens, I’ll look for additional confirmation and consider entering a long.(Max Trades)