Bitcoin is losing momentum after multiple failed attempts to break above 82,000 USD. On the H4 chart, every recovery is being sold into, while EMA34 is starting to turn down and move closer to EMA89.
BTC has also failed to hold above EMA34, which suggests the market may be shifting into a short-term correction phase. Sellers are now defending the 80,500 – 81,500 USD zone.
If price continues closing below 79,000 USD, BTC could sweep liquidity toward 77,000 USD, with 75,500 USD as the next downside area.
However, this is not yet a major bearish reversal. As long as Bitcoin holds above 75,000 USD, the medium-term bullish structure remains intact.
BTC has also failed to hold above EMA34, which suggests the market may be shifting into a short-term correction phase. Sellers are now defending the 80,500 – 81,500 USD zone.
If price continues closing below 79,000 USD, BTC could sweep liquidity toward 77,000 USD, with 75,500 USD as the next downside area.
However, this is not yet a major bearish reversal. As long as Bitcoin holds above 75,000 USD, the medium-term bullish structure remains intact.
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