Crypto Tony says wait above $77,700

Crypto Tony said on May 22 that he still favored Bitcoin longs over shorts, but he tied any safer entry to one price level: $77,700. In a post on X, the trader shared a BTC/USD chart and said traders should wait for a “flip” above that level before treating longs as lower-risk setups. The call came as Bitcoin traded around the same area on major market trackers, leaving the threshold close to spot price rather than far above it. ### Why did $77,700 become the key line in this setup? The $77,700 number was the center of Crypto Tony’s post on May 22. His message was that bullish positioning was still preferred, but only after Bitcoin could move above that level and stay there, according to the post referenced in the briefing. That kind of setup is a standard technical approach. A trader identifies a nearby resistance level, then waits to see whether price can reclaim it and hold, rather than buying before confirmation. (coinmarketcap.com) In this case, the level he flagged was almost identical to where Bitcoin was changing hands on several live price trackers on May 22. ### What does he mean by a “flip” above resistance? In chart-based trading, a “flip” usually refers to resistance turning into support. Crypto Tony’s wording, as described in the source briefing, was that traders should wait for price to trade and hold above $77,700 before considering safer long entries. The distinction matters because it separates directional bias from execution. (coinmarketcap.com) A trader can say longs are favored while still refusing to enter until the market proves it can defend a reclaimed level. That is the difference between a bullish view and a confirmed entry trigger. This is an inference based on the trading terminology used in the post and the level he specified. ### How close was Bitcoin to that trigger on May 22? Bitcoin was trading near the same zone on May 22. CoinMarketCap showed BTC around $77,622, while CoinGecko listed it near $77,703 and Coinbase listed it at about $77,700.54 in results surfaced today. Those readings suggest the market was testing, or sitting directly on, the level Crypto Tony highlighted. TradingView data also showed BTC/USD in the upper-$77,000 range on May 22, after a weekly decline of more than 6%. (coinmarketcap.com) ### Was broader market positioning clearly bullish? CoinGlass data on May 22 showed a mixed derivatives backdrop rather than a one-way bullish market. Its aggregate 24-hour long-short breakdown showed slightly more short volume than long volume, with exchange-level readings split across platforms. That does not contradict Crypto Tony’s view, but it shows his post was one trader’s tactical setup rather than a market-wide consensus call. (coinmarketcap.com) His emphasis was on waiting for confirmation, not on chasing momentum immediately. ### What should traders watch next? The next concrete marker is still $77,700. If Bitcoin trades above that level and holds it, that would satisfy the condition Crypto Tony laid out in his May 22 post. The post remains the primary public reference point for the call, and the next update would most likely come from Crypto Tony’s X account or from BTC/USD price action around that threshold on live market trackers. (coinglass.com) (coinmarketcap.com)