BTC/USD is showing signs of short-term bearish pressure after rejection from a key resistance level.
The recent rally from $74,000 support demonstrated strong bullish momentum.
However, price was unable to sustain above the $77,100 – $77,600 resistance zone.
This area functioned as a supply zone, triggering selling pressure.
Subsequent price action indicates:
Lower highs formation
Reduced bullish strength
Potential trend transition
The current structure suggests a possible move toward the $74,000 support level.
Trading perspective:
Bearish setup remains active below resistance
Break above resistance invalidates the scenario
Key Levels:
Resistance: $77,100 – $77,600
Target: $74,000
Bias: Bearish
Conclusion:
Market conditions favor a short-term corrective move under current resistance levels.