$BTC Tonight target.
For a short-term target tonight, the movement of BTC will depend heavily on market momentum and trading volume in the next few hours. Given the current indicators:
Immediate Resistance: $76,400 is the recent high and could act as the key resistance level. If BTC breaks this level, the next target could be around $77,000 to $78,000.
Support Zone: If there’s a pullback, support near $73,000 or around the 7-period EMA ($74,469) could hold, allowing a rebound.
Likely Scenarios for Tonight:
1. Bullish Case: If BTC breaks above $76,400 with volume, it could reach towards $77,000 or even test higher levels near $78,000.
2. Range or Pullback: If BTC faces resistance and lacks buying pressure, it may consolidate between $73,000 and $76,000.
Keep an eye on volume and the behavior near $76,400 to confirm any breakout for tonight's target. If the price remains above the 7 EMA, that could signal a stronger possibility of testing higher levels.
