#BTC Bearish momentum is strong right now. Bitcoin has been in a correction phase since its all-time high around $126,000 in late 2025. Key reasons for the drop include:

Heavy selling and liquidations of leveraged positions.

Failure to sustain above $80,000 resistance.

Broader market uncertainty (geopolitical tensions, economic factors, Fed-related concerns).

Rejection at supply zones, with large CME futures gaps pulling price lower.

Technical indicators like RSI showing oversold conditions but still bearish signals from moving averages.

Key Levels to Watch Today:

Support: Immediate ~$74,400-$75,000. Below that, $72,000-$70,000 could be tested (critical zone). Deeper correction might reach $63,000-$58,000 in a worst-case swing low (some analysts see this as a long-term buy opportunity).

Resistance: $78,000-$79,000 (needs a strong break for any upside relief). Above $80,000 would signal recovery.