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$BTC Update
Bitcoin is sitting just below a major resistance zone, and the momentum is clearly slowing down after the recent push up. The rising channel has started to break, which shows the trend is losing strength in the short term.
The rejection from the top, along with bearish divergence on RSI, suggests that this move up lacked real strength and is more likely a distribution phase than a breakout.
As long as price stays below this resistance, a pullback towards the 74K area looks likely. A clean reclaim of this level would change the view, but for now, downside pressure is building.
DYOR, NFA
#Bitcoin #BTC