$BTC Facing Rejection Pressure – Short-Term Downward Bias

Bitcoin has just attempted to break higher but failed to reach the 77,700 zone. Immediately afterward, the price dropped quickly with a strong red candle, indicating selling pressure is dominant and preventing the price from rising easily.
On lower timeframes, the market is showing clear signs of weakening. The price has formed a lower high ( – a signal that the short-term rally is slowing down and downward pressure may continue.
📈 Key Levels
• Resistance: 77,700 – 78,000
• Support: 77,200 – 77,000
As long as the price remains below the 77,700 zone, the market still has the potential to weaken further or fluctuate in a negative state.
📊 Trading Plan )Short(
• Entry zone: 77,400 – 77,600
• Stop Loss: 78,100
• Take Profit: 76,800 – 76,200
👉 Conclusion
Bitcoin is currently under strong resistance pressure, while buying momentum is not yet sufficient to break through. If selling pressure persists, the price may adjust further downward before a new rebound occurs.
Traders should be patient and wait for clear confirmation, avoiding entering trades too early when the short-term trend structure has not yet reversed.
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