Bitcoin (BTC) has recently experienced a strong upward move, reaching a local high near the 78.3K level. However, after this sharp rally, the market now appears to be entering a short-term correction phase.#ranRejectsSecondRoundTalks

On the 1-hour chart, price action is showing signs of weakness as Bitcoin has dropped below key short-term moving averages. This suggests that bullish momentum is slowing down, and sellers are starting to gain control in the short term.

Currently, the price is hovering around the 75.6K zone, which is acting as an immediate support area. If this level fails to hold, we could see further downside toward the 74K–73.5K region. On the upside, Bitcoin needs to reclaim the 76.8K–77K resistance zone to regain bullish strength and potentially attempt another move toward the recent highs.#BTC☀️

Overall, this looks like a healthy pullback rather than a full trend reversal. The broader trend remains intact for now, but traders should stay cautious and wait for confirmation before entering new positions.