Showing Weakness Below Resistance Potential Pullback to SupportBitcoin / U.S. dollarBITSTAMP:BTCUSDcuriofxWhat’s happening Price rallied strongly into a major resistance zone (~78.7k) It failed to break and is now rejecting with lower highs Current price (~76.3k) is sitting just below that resistance, showing hesitation Key zones to watch 🔴 Resistance 78,700 area → Strong supply zone Multiple rejections Sellers clearly active here 🟡 Mid Demand / Reaction Zone 73,900 – 74,900 Previously acted as a consolidation / breakout base Likely first area where buyers may step in 🟢 Major Support 70,600 – 71,400 Strong demand zone If price reaches here, expect a more meaningful reaction ⚫ Lower Support ~65,700 Last major base if deeper correction happens Bias & Scenarios Bearish scenario (more likely short-term): Rejection continues below 78.7k Price rotates down into: First target → 74k zone Then → 71k support The curved arrows you drew reflect a typical liquidity sweep + pullback structure, which makes sense here Bullish invalidation: Clean breakout above 78.7k Followed by holding above it (not just a wick) That would shift momentum back upward Extra context (important) The earlier FVG (Fair Value Gap) on the left suggests inefficiencies that price already partially balanced Current structure shows: Impulse → consolidation → rejection This often leads to a retracement before continuation Simple takeaway Market is not strongly bullish here — it's pausing under resistance Until 78.7k breaks, the path of least resistance is down into 74k → possibly 71k