Market Structure & ScenarioBitcoin / U.S. dollarBITSTAMP:BTCUSDPMCTradesBTC/USD is showing a recovery structure after the recent decline. Price has formed a series of higher lows, while the blue structure suggests an attempt to continue upward. The highlighted area around 77,650–77,700 is the key reaction zone on this setup. If price holds this area and develops strength, the next important area to watch is the upper resistance zone around 79,000–79,250. Key Levels Reference/Entry Area: ~77,650–77,700 Invalidation Area: below ~77,250 Upside Objective: ~79,250 Major Resistance: ~79,000–79,250 The idea is based on support holding + continuation of the developing higher-low structure. A sustained move below the invalidation area would weaken this scenario.