$BTC has tapped the $79K zone, and the reaction confirms strong selling pressure at the upper resistance. Each attempt to break higher is getting rejected, which signals that buyers are losing momentum in this range.
The recent move looks more like a classic bull trap — liquidity taken above resistance, followed by a controlled move downward. This behavior isn’t new, and the current structure suggests the same pattern is playing out again.
At this stage, Bitcoin appears to be transitioning into a broader accumulation phase where a cycle bottom begins to form. These phases typically come with volatility, fake moves, and multiple retests before a clear direction is established.
For context, the previous macro bottom near $16,000 and the major top zone around $126,000 were both key turning points in the cycle. Missing those moves doesn’t matter — what matters is identifying what comes next.
📊 Current outlook:
Resistance: $88K–$90K (strong rejection zone)
Support: $76K–$72K (key demand area)
Bias: Short-term bearish, mid-term accumulation
If the market continues to reject higher levels, we can expect further downside exploration into support zones before any strong reversal attempt.#MarketRebound BTCSurpasses$79K$BTC
