Bitcoin's rejection around 76,000 $ was particularly interesting to watch.
Several times, the market tried to break through this zone, but buyers never managed to sustain the upward pressure. Each time, sellers regained control.
Take a close look at the structure: increasingly lower highs, progressively less convincing bounces, and a gradual acceleration in selling pressure.
75,500 $ is now an important level to watch. A break below it could lead to another downward extension.
Conversely, a recovery above 76,000 $ would be the first sign of relief.
Several times, the market tried to break through this zone, but buyers never managed to sustain the upward pressure. Each time, sellers regained control.
Take a close look at the structure: increasingly lower highs, progressively less convincing bounces, and a gradual acceleration in selling pressure.
75,500 $ is now an important level to watch. A break below it could lead to another downward extension.
Conversely, a recovery above 76,000 $ would be the first sign of relief.
