Bitcoin Strong Reaction Off Fib Support

TREND
Daily: Up (counter-trend)
Weekly: Down

Resistance Reclaim Attempt
Price is pushing back into the $77,450 area, with bulls needing a reclaim of this level to maintain upside pressure.

Double Top Risk at Highs
Two rejections near $79.5K form a potential double top, with weakening momentum suggesting upside may be losing strength.

Support Holding at 0.618
The 0.618 Fib and 21 EMA have provided consistent support, allowing price to stabilise and attempt another move higher.

Momentum Showing Divergence
RSI remains above 50 but continues to show bearish divergence, pointing to weakening strength on each push higher.

Structure Still Constructive (Short-Term)
Despite rejection at highs, higher lows are still holding for now, keeping short-term structure intact unless support breaks.

In Summary
Bitcoin is attempting to reclaim resistance around $77,450 after finding support at the 0.618 Fibonacci level and the 21 EMA. While short-term structure remains constructive, the presence of a potential double top near $79.5K and bearish divergence on RSI suggests weakening momentum at the highs. The daily trend is still pushing upward, but within a broader weekly downtrend. A successful reclaim of resistance would support further upside, while failure could lead to another move lower.