Just looked at the 4-hour chart of BTC and found that the bears have indeed been intensifying their pressure lately. The price was strongly rejected near $76,000, and that bearish engulfing candlestick revealed several signals—buyers' hesitation has clearly increased.



Now the key is whether $70,467 can hold. If this support level is broken, the bears might push BTC toward the $68,000 to $66,000 range. More critically, on the daily chart, the $65,666 level is becoming increasingly important; once decisively broken, it could lead to testing the supports at $63,823, $62,433, and even $60,000 again.

However, in the short term, if the price can break above $76,000 with volume confirmation, there is still a possibility to push toward $79,000. But currently, the bearish control is indeed strengthening, so caution is advised at this point. The latest price is around $80.73K, but the weak signals on the technical side are still worth being alert to.
BTC0.58%
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