1h: BTC witnessed a shift from strong bullish expansion to a bearish correction phase. After rejection from the highest level near ~$81.2K, price formed lower highs and lower lows, and it is now trading within a range around the bullish order-block on the 1H chart near $78K.
Selling volume increased during the decline, but price has not yet shown a decisive bearish displacement through the bullish order-block, suggesting that buyers are still defending the area.
Momentum has weakened, and moving average ranges have reversed—EMA has turned bearish. The RSI has pulled back toward the neutral level, confirming that the previous bullish momentum has faded.
The market is currently contracting between support and resistance.
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