Bitcoin Analysis - Still looks weakBitcoinOANDA:BTCUSDSmiertSpionam The bounce from the 0.786 level initially indicated that there could be some demand around deep retracement levels. However, the inability to hold above 0.618 undermines the case for a strong reversal. In classical technical‑analysis logic, losing 0.618 swing reclaims often suggests the corrective move may extend further downward, or the price may remain range‑bound for some time. Given that BTC now trades under a key resistance band (US$93–$94 k) and market sentiment remains cautious, the structure resembles a tense consolidation or distribution.