Bitcoin (native)
Signs of weakness are starting to creep into this move.
Price has broken below both the trendline support and the $77.3K liquidity zone, which were key levels holding this structure together.
At the same time, the Coinbase Premium has flipped red for consecutive sessions something we haven’t seen in about three weeks, back when $BTC was around $67K. That shift suggests U.S. spot demand is starting to cool off.
This rally has largely been driven by that demand, with the trendline acting as its backbone. Now that it’s been lost, the structure looks a lot more fragile.
With Federal Open Market Committee meeting coming up in the next 48 hours, this could be early signs of derisking. Volatility is likely, and both sides could get caught in sharp wicks around the announcement.
That said, the trend is starting to look like it’s in its later phase. If price loses the $74.5K–$75.5K range, it would likely confirm a broader shift in momentum.