Technical Outlook: Bitcoin — Rejection Continues, Key Support Under Pressure

Bitcoin is showing clear rejection from short-term resistance and starting to lose momentum again, with price now testing a critical support zone.

EMA Structure (Weak Recovery → Bearish Pressure)

20 EMA: $78,312

50 EMA: $76,818

100 EMA: $76,896

200 EMA: $81,644

Price is failing to hold above 20 EMA

Still trading below 200 EMA → macro bearish bias

Short-term EMAs are flattening after rejection

👉 Momentum shifting from recovery → short-term bearish

Fibonacci Levels

0.786: $112,051

0.618: $100,921

0.5: $93,103

0.382: $85,286

0.236: $75,613

0 (Low): $59,977

Price got rejected below 0.382 ($85K)

Currently retesting 0.236 ($75.6K)

This level is acting as key decision zone

👉 Hold = bounce potential 👉 Breakdown = continuation lower

Market Structure (ICT Concepts)

Previous MSS to upside formed during recovery

Price tapped into bearish OB near $78K → rejection confirmed

Liquidity taken above recent highs (stop hunt)

Now showing lower high formation

👉 Classic liquidity grab → bearish continuation setup

RSI Momentum

RSI (14): 47–53

Rolling over from mid-zone

No strong bullish momentum

👉 Buyers losing control, momentum weakening

📊 Key Levels

Resistance

$77,500 – $78,300 (rejection zone)

$81,600 (200 EMA)

$85,000 (major resistance)

Support

$75,600 (0.236 Fib)

$74,500 – $74,000 (minor support)

$70,000 (major demand zone)

📌 Summary

Bitcoin is showing continued rejection from resistance and is now pressuring key support.

Break below $75.6K → move toward $74K / $70K

Reclaim $78K → recovery toward $80K+

👉 Current condition: Support retest after rejection
👉 Bias: Short-term bearish, mid-term neutral

⚠️ Watch $75.6K closely — this is the key level.
Lose it → downside continuation
Hold it → short-term bounce possible

$BTC ‌