Bitcoin remains under bearish pressure after failing to hold above the critical $80K-$82K resistance zone. However, recent price movements indicate that buyers are working to defend the important $75K support area, increasing the likelihood of a corrective rebound in the short term, although a broader downtrend may resume afterward.
Despite the market structure currently favoring sellers, the positioning near key support and liquidity clusters may trigger a brief bullish correction in the upcoming sessions.
Bitcoin Price Analysis: Daily Chart
On the daily timeframe, Bitcoin entered a corrective phase after being rejected from the major supply zone of $82K-$84K, which aligns with the upper boundary of the ascending channel. The rejection intensified selling pressure, pushing the asset towards the significant demand area of $75K-$76K.
Recently, the price dipped below the $75K support area but quickly recovered, indicating active buyer interest and potential liquidity accumulation below local lows. This rebound has led to a mild bullish response, with Bitcoin currently attempting to stabilize above the $76K region.
Despite the rebound, the overall structure remains cautious. Bitcoin is still trading below previous support levels, and as long as it remains under the $80K-$82K zone, any upward movement may merely be a correction within a larger bearish retracement.
The initial upside target for the rebound is set at $78K-$80K, with stronger resistance at $82K-$84K. If these levels cannot be reclaimed, the probability of another decline may increase, targeting the next major daily demand zone at $70K-$71K. A deeper downturn could ultimately expose the support area below at $65K-$66K.
BTC/USDT 4-Hour Chart
The 4-hour chart shows a more pronounced attempt at a short-term rebound. After reaching the $75K-$76K order block, Bitcoin experienced a sharp bounce and is currently consolidating in the $76K-$77K range.
This reaction indicates that buyers are defending the local support area, laying the groundwork for a higher corrective move. If momentum continues, the initial pullback target will be in the $78K-$79K range, followed by the more significant resistance zone at $80K-$82K.
However, the overall formation of lower highs and lows remains unchanged, and recent price movements still reflect a weakening bullish momentum compared to the earlier rebound phase. Therefore, the current rebound may evolve into a classic bearish continuation pattern, where prices return to resistance before declining again.
For bulls to regain control, Bitcoin needs to convincingly reclaim the $80K-$82K area. Otherwise, the current trend is more likely to be interpreted as a temporary bounce rather than a trend reversal.
Sentiment Analysis
The liquidation heatmap provides additional context supporting the corrective rebound scenario. There is a significant concentration of short liquidations above the current price.
