BTC Dipped Under 76,301 But Has Not Closed Below It.Bitcoin / US DollarCOINBASE:BTCUSDvirDeStateraLast read: Neither path fired - BTC did not close a 4H bar above 78,635 or under 76,301, though it dipped to 76,141 this afternoon. BTC Dipped Under 76,301 But Has Not Closed Below It. BTC is near 76,700. The afternoon bounce stopped at 77,958, and the dip to 76,141 was bought back within the hour. Every 4H bar since Thursday night has closed between 76,301 and 78,635. SOM reads Choppy Bear (transitional) on both the hourly and the 4H. The hourly IMP shows a swept swing low, and ACE's hourly conviction sits in its top quartile with the bear anchor. The 4H ATR has widened to about 1,320. Resistance: 77,958 - Friday afternoon's bounce high Key resistance: 78,635 - Friday morning's high Current price: 76,716 Support: 76,141 - Friday's low Key support: 75,584 - the September 15 daily close Structural floor: 74,888 - the September low Two paths from here: A 4H close above 77,958 takes back the afternoon high. That reopens Friday morning's 78,635 and the 79,700 hourly structure line. A 4H close under 76,141 turns the dip into a break. That opens the September 15 close at 75,584 and the 74,888 September low. These levels run through the weekend to Monday evening's post. Every 4H close since Thursday night has stayed inside the range - the first close outside 76,141 to 77,958 is the one that matters. Built with SOM / ACE / IMP Study, not financial advice.