$BTC faced another rejection near the $75K–$78K resistance zone, dropping more than 2.6% and returning close to $75,000. Recent gains linked to geopolitical optimism have now fully faded.
Analysts warn that Bitcoin’s market structure is weakening. Price continues to print lower highs, suggesting sellers remain in control while upside momentum fades.
At the same time, profit-taking is increasing. On-chain data shows short-term holders are selling into strength rather than holding for higher prices — a behavior often seen during early distribution phases.
Market positioning also remains fragile, with no clear dominance from buyers or sellers. Traders are still opening long positions, but without a confirmed breakout, the market becomes vulnerable to sudden liquidations.
The key level to watch now is $70,000. If BTC breaks below that support, analysts say the next downside targets could be $60K to $55K.
For bulls to regain momentum, Bitcoin would need a strong breakout above $78,000. Until then, caution remains high as downside pressure builds.
