Bitcoin continues to trade under pressure after losing the key $75,000-$76,000 support zone, but overall market sentiment remains cautious due to weaker ETF inflows and deteriorating technical structure.
but, $BTC is currently approaching a critical confluence of technical support around $70,000 to $72,000, and both trendline support and the 100-day moving average could provide temporary relief to the market.
Bitcoin Price Analysis: Daily Chart
On the daily time frame, Bitcoin officially fell below the key support range of $75,000-$76,000, which previously served as a key decision point for the market. This breakdown confirms the bearish continuation after multiple failures to reclaim the descending 200-day moving average around $80,000-$81,000.
Currently, the price is approaching a major support confluence around $70,000 to $72,000. This area coincides with the lower bound of the broader structure, the 100-day moving average near $73,000, and a significant historical order block visible on the chart. Such overlapping support often increases the likelihood of at least a short-term reaction or bailout rebound.
If buyers are able to defend the $70,000-$72,000 range, Bitcoin could attempt a corrective recovery towards the broken $75,000-$76,000 resistance zone. However, failure to hold this area could pave the way for deeper support around $65,000-66,000 and potentially a broader demand area of $60,000-63,000.
For now, the overall market structure remains bearish. $BTC It regains the $75,000-$76,000 zone and stabilizes above it.
$BTC/USDT 4 hour chart
The 4-hour chart reflects accelerating bearish momentum following the recent break below the consolidation structure around $75,000-$76,000. Sellers are still in control, but lower lows and persistent rejection candles continue to dominate the short-term trend.
Nevertheless, Bitcoin is currently entering a significant order block between $70,000 and $72,000. This zone has historically attracted significant demand and currently overlaps with the support of the uptrend line shown on the chart. The market’s reaction here will determine the next big move.
A near-term bullish rebound remains possible if buyers intervene around this support cluster. In that scenario, $BTC There is a possibility that the price will revisit the $74,000 to $76,000 area as a correction rebound. However, if the current support fails to hold, the bearish momentum could quickly accelerate towards the $65,000-$66,000 liquidity zone.
Therefore, the $70,000-$72,000 area is the most important short-term battleground between buyers and sellers.
sentiment analysis
The ETF’s cumulative flowchart reveals important differences going on in the market. Despite Bitcoin’s multiple recovery attempts in recent months, cumulative ETF inflows have begun to level off and have recently begun to decline with the recent correction.
This move suggests that institutional demand has cooled significantly compared to the previous accumulation phase. The slowdown in Spot Bitcoin ETF inflows indicates less active buying by large market participants, which is partially explained by $BTCcannot sustain gains beyond the $80,000 to $82,000 area.
More importantly, the recent price decline has occurred even as the ETF’s cumulative flows have remained relatively stable, rather than expanding aggressively. This indicates that there is not enough new money flowing into the market at current levels.
Historically, strong bullish continuations for Bitcoin have typically been accompanied by accelerating ETF inflows. The absence of these dynamics increases the likelihood that the current market will remain corrective in the short term.
Still, the market could regain momentum later if Bitcoin stabilizes around the $70,000 to $72,000 support area and ETF flows start to strengthen again. Until then, a combination of weak institutional demand and bearish technical structure will keep downside risks elevated despite the possibility of a temporary bailout rebound.
