I just noticed an exciting movement in Bitcoin's price right now - the price is moving around 77.42K after a slight drop of 0.91% over the past two days, but if you look at last week, the currency has risen by 3.76%, which gives you the full picture of the current volatility.

The really interesting thing is the short position data - it has increased by more than 52% in a very short period. This means a large number of traders are betting on further decline, but from my experience, this is often a warning sign. When the market becomes crowded in one direction, the opposite usually happens.

From a technical perspective, Bitcoin's price is under pressure - it broke through an upward channel that was present earlier. History suggests a possible larger decline, but the scene is complex. Weak support below current levels could mean more volatility if selling increases.

Important levels now: if it rises above 70K and 72K, we might see a regain of momentum, but if it breaks below 65K, the downward pressure could intensify further. Bitcoin's price is currently in a very sensitive area, and the next step will be decisive.