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

Bitcoin shows clear rejection at short-term resistance levels, beginning to lose momentum again, with the price currently testing a critical support zone.

EMA Structure (Weak Rebound → Bearish Pressure)

20 EMA: $78,312

50 EMA: $76,818

100 EMA: $76,896

200 EMA: $81,644

Price failed to stay above the 20 EMA

Still trading below the 200 EMA → Macro bearish bias

Short-term EMAs are flattening after rejection

👉 Momentum shifts from rebound to 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

Low point (0): $59,977

Price rejected below 0.382 ($85K)

Currently retesting 0.236 ($75.6K)

This level serves as a key decision zone

👉 Support = Rebound Potential 👉 Bottleneck = Continued Downtrend

Market Structure (ICT Concept)

Previous upward MSS formed during the rebound

Price touched the bearish order book area $78K → Confirmed rejection

Liquidity was absorbed above recent highs (stop-loss hunting)

Now showing formation of lower highs

👉 Classic liquidity capture → Bearish continuation setup

RSI Momentum

RSI (14): 47–53

Rolling from the middle zone

No strong bullish momentum

👉 Buying pressure is out of control, momentum weakening

📊 Key Levels

Resistance

$77,500 – $78,300 (Rejection Zone)

$81,600 (200 EMA)

$85k (Major Resistance)

Support

$75.6k (0.236 Fibonacci)

$74,500 – $74,000 (Secondary Support)

$70,000 (Major Demand Zone)

📌 Summary

Bitcoin continues to face rejection at resistance, currently under pressure at key support.

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

Regain $78K → rebound to $80K+

👉 Current State: Support retested after rejection
👉 Bias: Short-term bearish, medium-term neutral

⚠️ Close watch on $75.6K — this is a critical level.
Break below → further decline
Hold above → short-term rebound possible

$BTC