BTC just dropped to $77,156 after failing to hold above $82,850 — and the charts are sending some interesting signals.

What the data shows:

📉 Price is trading below MA(7), MA(25) and MA(99) — sellers are in full control across all timeframes

⚡ RSI at 32.23 — dangerously close to oversold territory. Last time RSI hit these levels, a short-term bounce followed

📊 Volume remains moderate — no capitulation spike yet, meaning this could continue sliding before a real bottom forms

Key levels to watch:

🔴 Support: $76,735 → $76,320 — lose these and sentiment gets ugly fast

🟢 Resistance: $77,957 → $79,106 → $79,980 — bulls need to reclaim MA(7) first before any recovery talk

The bottom line:

Bearish short term. But RSI approaching 30 on the 4H is worth respecting. Watch that $76,320 support closely — it could be the line between a bounce and a deeper move down.

Not financial advice. DYOR. 🙏

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