Bitcoin is currently trading around $76,600, but the price action on your chart clearly shows rejection from a weak high near $78,000 and a shift toward short-term bearish momentum. Recent market data also confirms that after touching the $76K zone, BTC faced profit booking and pullback pressure, limiting further upside. (The Economic Times) Market Bias: SELL (Short-Term) Trade Plan (Intraday) Sell Position (Preferred) Entry Zone: 76,500 – 77,000 T$BTC arget 1: 75,800 Target 2: 75,000 Target 3: 74,200 (demand zone) Stop Loss: Above 78,200
Price rejected from resistance (~78K)
Lower highs forming → bearish structure
Momentum weakening after sharp rally
Market currently in pullback phase after bullish move