Based on the 4-hour chart, Bitcoin remains in a clear downtrend after dropping from its local peak near $80,500. Although the price tested a bottom at $74,900 and is currently hovering around $76,070, this slight bounce appears weak and purely technical. BTC is trading below crucial moving averages (MA30 and EMA30 near $77,000), which are currently acting as heavy dynamic resistance. Furthermore, the order book shows strong selling pressure at 69%, aligning with a generally cautious market sentiment driven by macroeconomic uncertainty. If Bitcoin fails to hold the current $75,500–$76,000 support zone, a drop back down to retest the $74,900 low is highly likely. A genuine bullish reversal can only be confirmed if the price confidently breaks and holds above the $77,200–$77,500 resistance levels.
$BTC