Bitcoin Rejected at Range High | $60K Support at RiskBTCUSDT Perpetual ContractBYBIT:BTCUSDT.PThe_Alchemist_Trader_Bitcoin price action remains trapped within a broader trading range after a clear rejection near $72,000 resistance, aligning with the Value Area High. The failed attempt to reach and hold range highs highlights growing weakness in bullish momentum. Key Highlights: - Rejection from $72K range resistance confirms seller control - Loss of Point of Control (POC) signals structural weakness - Breakdown risk increases toward $60,000 range support Following rejection, Bitcoin has moved below the POC and is now struggling to hold the range mid, with multiple four-hour candle closes confirming acceptance at lower prices. This behavior reflects classic bearish range dynamics, where failed rallies lead to rotational moves toward lower liquidity zones. The lack of strong bullish volume further supports the corrective outlook. Without buyers stepping in to reclaim lost levels, price remains vulnerable to continued downside rotation within the range. As long as Bitcoin trades below the range mid and POC, bearish pressure remains dominant. A move toward the $60,000 range low becomes increasingly likely, while reclaiming lost volume support would be required to invalidate the bearish scenario.