Bitcoin retests support; reclaiming $77,000 would confirm bullish trend continuation
Luca sets $77,000 as BTC confirmation level, stays hedged near support
Bitcoin retests a key high‑timeframe support zone. Analyst Luca calls $77,000 the level to confirm strength on X.
Price briefly deviated to the 0.786 Fibonacci area near $65,900, then rebounded toward the lost support band source. This area overlaps the 3‑day Bull Market Support Band, which has flipped trend several times in recent months NewsBTC.
Luca keeps hedge positions. He waits for a clean reclaim of the purple support range or a break above the Bull Market Support Band before turning risk‑on source.
He warns of possible rejection on this retest. He focuses on capital protection until confirmation appears NewsBTC, NewsBTC.
$77,000 is his trigger. A decisive breakout above it would signal momentum; he would scale out hedges and rotate back to spot exposure NewsBTC, source.
He sees larger upside if $77,000 is reclaimed. But exiting hedges too early risks a bullish fakeout and renewed downside NewsBTC.
- Key deviation level $65,900 0.786 Fib source
- Support confluence 3‑day Bull Market Support Band NewsBTC
- Confirmation level $77,000 for trend strength source
