Currently, #Bitcoin does not look great. It dropped back into the $76K zone.

We had 5 consecutive red daily candles, heavy liquidations, and even after Michael Saylor bought another $2B in $BTC, there was barely any momentum. Only today are we finally seeing some recovery. To put it mildly, the chart still looks pretty ugly.
There is still an open CME gap around $79.1K waiting to be filled.
This is also a key resistance zone that BTC needs to reclaim in order to restore previous momentum.
If the red support zone around $76K fails to hold, we will most likely revisit the lower support around $71,000.
On the other hand, #Bitcoin rallied from $65K to $82K with very little correction along the way. So what we may be seeing now is simply a healthy consolidation after a strong move.
There’s no real reason to panic unless BTC decisively loses the $76K level.
Meanwhile, Oil keeps rallying higher, with Brent trading around $110. Bond yields are rising again, while indices and gold continue moving lower. Japan also printed a new high today.
None of these conditions are particularly favorable for risk-on assets, including Bitcoin.