On August 29, 2026, Bitcoin is approximately $77.6K ($BTC
) and is down by about 2.3% over the past 24 hours. Today’s intraday range was approximately $77.1K–$79.7K.
📊 Today’s short Technical Analysis
Trend: In the short term, pressure/neutral-to-bearish, because BTC has fallen back below $80K.
Resistance: $79.7K–$80K; if there is a strong break above it, momentum could build toward the recent high at $81.3K.
Support: Around $77K; if weakness increases below it, further correction becomes likely.
According to Binance’s current technical data, there is bearish pressure on the 4H timeframe, but the RSI is neutral and bullish divergence can also be seen—meaning the possibility of a bounce has not completely disappeared.
On the macro side, relatively hawkish commentary from the Fed has pushed yields higher and weighed on Bitcoin.
Overall: 📉 Short-term: Neutral/Bearish | Medium-term: cautiously bullish
This analysis is for educational information only and is not a buy/sell recommendation.#YenPasses160PerDollarToOneMonthLow
) and is down by about 2.3% over the past 24 hours. Today’s intraday range was approximately $77.1K–$79.7K.
📊 Today’s short Technical Analysis
Trend: In the short term, pressure/neutral-to-bearish, because BTC has fallen back below $80K.
Resistance: $79.7K–$80K; if there is a strong break above it, momentum could build toward the recent high at $81.3K.
Support: Around $77K; if weakness increases below it, further correction becomes likely.
According to Binance’s current technical data, there is bearish pressure on the 4H timeframe, but the RSI is neutral and bullish divergence can also be seen—meaning the possibility of a bounce has not completely disappeared.
On the macro side, relatively hawkish commentary from the Fed has pushed yields higher and weighed on Bitcoin.
Overall: 📉 Short-term: Neutral/Bearish | Medium-term: cautiously bullish
This analysis is for educational information only and is not a buy/sell recommendation.#YenPasses160PerDollarToOneMonthLow
