Bitcoin is experiencing renewed selling pressure after another unsuccessful attempt to maintain its recovery. On the 2-hour TradingView chart, BTC/USDT is trading around the $75,000 region, following a series of downward movements that have weakened its short-term market structure. The latest decline has placed buyers under pressure, raising questions about whether Bitcoin can establish support or whether sellers are preparing another move lower.

Looking at the broader chart, Bitcoin has struggled to maintain its previous strength throughout November. The price previously traded above $85,000 before gradually losing momentum. Several recovery attempts provided temporary relief, but buyers repeatedly struggled to sustain upward movements as selling pressure returned.

One noticeable feature is the consistent formation of lower highs and lower lows. This pattern suggests that sellers have maintained control over much of the recent price action. Each attempt to recover has encountered resistance, making it increasingly difficult for Bitcoin to establish a convincing bullish reversal.

The recent decline toward the $74,000 region is particularly important. This area represents the latest low visible on the chart, where buyers may attempt to prevent further losses. However, the market needs to demonstrate stronger buying interest before this region can be considered a reliable support area.

For the bullish scenario, I would first watch the $76,000–$77,000 region. If Bitcoin can stabilize around current levels and reclaim this area, buyers could attempt another move toward $78,000. A stronger recovery above that level could bring $80,000 back into focus, although confirmation would be important at each stage.

On the bearish side, failure to maintain the recent low could expose Bitcoin to additional selling pressure. A decisive breakdown below the $74,000 region would weaken the possibility of a short-term recovery and suggest that sellers remain firmly in control. Traders would then need to watch how the market responds to lower price levels rather than assume an immediate reversal.

Another factor worth considering is the wider cryptocurrency market. Bitcoin's performance often influences the direction of other major digital assets, including Ethereum and several altcoins. Changes in liquidity, institutional activity, investor sentiment and broader economic conditions can also contribute to sudden price movements. This makes the current market environment particularly important to monitor.

For now, my attention remains on the $74,000–$75,000 region and Bitcoin's ability to establish stability. A recovery above $76,000 could provide an early indication that buyers are returning, while another rejection and breakdown below recent support would strengthen the bearish outlook. I would rather wait for confirmation than assume that the current decline has already reached its bottom.

Bitcoin is approaching another important point in its market structure. Buyers need to demonstrate that they can defend lower prices and rebuild upward momentum, while sellers will be looking to maintain the pressure that has dominated recent sessions. The next confirmed move could provide a clearer picture of where the market is heading.

What do you think? Can BTC defend the $74,000 region and recover toward $80,000, or are sellers preparing another breakdown?

This analysis is for educational purposes only and should not be considered financial advice. Always DYOR before making investment decisions.$BTC

#NvidiaInvestigatesAfterHuang’sAffairApology #BitcoinFiveWeeklyLosses