Bitcoin remains under pressure after breaking the key $75,000–$76,000 support zone, as overall market sentiment stays cautious amid weakening ETF inflows and a deteriorating technical structure.
That said, BTC is now approaching a notable confluence of supports around $70,000–$72,000, where an ascending trendline and the 100-day moving average could offer temporary relief.
Bitcoin Price Analysis: The Daily Chart
On the daily timeframe, Bitcoin’s slide below the $75,000–$76,000 region confirmed a bearish continuation after repeated failures to reclaim the descending 200-day moving average near $80,000–$81,000. The break of that decision zone signals increased downside risk for the near term.
Currently, price is nearing a significant support cluster around $70,000–$72,000. This area aligns with the ascending lower boundary of the broader structure, the 100-day MA near $73,000, and a historical order block visible on the chart. Where multiple supports overlap, the probability of at least a short-term bounce or stabilization typically increases.
If buyers defend the $70,000–$72,000 range, Bitcoin could mount a corrective recovery targeting the broken $75,000–$76,000 zone as resistance. Conversely, a failure to hold this level would likely open the path toward deeper supports around $65,000–$66,000 and, if pressure continues, the broader demand region between $60,000 and $63,000.
For now, the prevailing market structure remains bearish unless BTC reclaims and stabilizes above the $75,000–$76,000 zone.
BTC/USDT 4-Hour Chart
The 4-hour timeframe shows accelerating bearish momentum after the recent breakdown below the consolidation area near $75,000–$76,000. Sellers control the short-term trend, with lower highs and repeated rejection candles dominating price action.
Nevertheless, BTC is entering a critical order block between $70,000 and $72,000. Historically, this zone has drawn significant demand and currently coincides with the rising trendline displayed on the chart. The market’s reaction here will likely determine the next meaningful move.
A short-term bullish pullback remains possible if buyers step in around this support cluster, which could push BTC back toward the $74,000–$76,000 range as a corrective rebound. If the $70,000–$72,000 support gives way, downside momentum could accelerate toward the $65,000–$66,000 liquidity zone.
As a result, the $70,000–$72,000 area represents the most important short-term battleground between buyers and sellers.
Sentiment Analysis
ETF cumulative flow data points to an important divergence in market dynamics. Despite several recovery attempts in recent months, cumulative spot ETF inflows have flattened and weakened during the latest correction.
This pattern suggests institutional demand has cooled significantly compared to earlier accumulation phases. The slowdown in spot Bitcoin ETF inflows reflects reduced aggressive buying from large participants, which helps explain BTC’s difficulty sustaining rallies above the $80,000–$82,000 level.
Notably, recent price weakness has occurred while cumulative ETF flows remained relatively stable rather than expanding strongly. That indicates a lack of fresh capital entering the market at current prices.
Historically, sustained bullish phases in Bitcoin have been accompanied by accelerating ETF inflows. The absence of that dynamic increases the likelihood that the market will remain corrective in the near term.
Still, if Bitcoin finds support around $70,000–$72,000 and ETF flows pick up again, momentum could return later on. Until that happens, weakening institutional demand combined with a bearish technical structure keeps downside risks elevated, even if temporary relief rallies are possible.