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BTC is still in a short-term downtrend.
The price is making lower highs and lower lows.
The bounce from $72,100 was quick, but not strong.
Momentum indicators show relief, not a reversal.
This means sellers are still active, even if the pressure has slowed.
Key Levels to Watch
Resistance Zones
$75,800 to $76,500 → Previous support, now resistance
$81,000+ → Major supply zone from an earlier breakdown
Support Zones
$72,000 to $72,300 → Immediate support (recent low)
$70,500 to $71,000 → Strong demand zone if selling continues
These levels are based on real reactions, not guesses.
Bullish Scenario (Needs Confirmation)
BTC holds above $72,000.
It breaks and closes above $76,500.
Buyers show strength on pullbacks.
If this happens, a move toward $80K+ becomes possible.
Until then, this is only a relief bounce.
Bearish Scenario (Still in Play)
Price fails near $75 to $76K.
Support at $72K breaks.
BTC revisits the $70 to $71K demand.
If it drops below that zone, the risk of a downturn increases quickly.
Final Thoughts
Bitcoin is not crashing, but it’s not strong yet either.
This is a decision zone where most mistakes happen if emotions take over.
Will BTC defend $72K and regain strength, or is another drop coming?