RSI Cross Over on the Daily ---> 66.8K ----> 70.9K --->79KBitcoin / US DollarCOINBASE:BTCUSDDalidesBTC experienced a sharp rejection from the 77-78k resistance zone, breaking below short-term moving averages and falling into a major support area around 61.8k-63.6k. Key Observations 61.8k-63.6k is a critical support cluster and aligns with the rising long-term trendline. Stochastic RSI is deeply oversold, suggesting a relief bounce is increasingly likely. RSI Crossover on the daily. MACD remains bearish, so any bounce should initially be viewed as a counter-trend rally rather than a confirmed reversal. Volume Profile shows a low-volume gap above current price, which could allow a relatively quick move higher if buyers step in. Potential Scenario Hold support (61.8k-63.6k) → short-covering rally toward 66.9k (Point 1). Break and close above 66.9k → extension to 70.9k (Point 2). Reclaim 77.9k → trend recovery with potential move toward 87.5k (Point 3). Risk If BTC loses 61.8k on a daily closing basis, the bullish trendline fails and the next major support zone lies considerably lower, opening the door for a deeper correction. Conclusion The chart currently favors a technical bounce from support, but confirmation requires reclaiming 66.9k first. Until then, the broader structure remains cautious-to-bearish after the strong rejection from 77k.