Bitcoin slid just over 6% from its 81,490 dollar high down to 76,378, then reclaimed the 77,200 area in under a day, showing the decline has stalled for now.
At the spot where stop-loss orders below 76,378 were swept and immediately bought back, the shallow support from August's big advance and the twelve-hour average price line overlap — and volume peaked on that very candle.
If that floor gives way and price closes below 75,522 dollars, the pattern of steadily rising lows breaks, so the stop is placed beneath it at 75,320 dollars.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
