Bitcoin Bounces at the 0.786 Fib — But Is It Enough?Bitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisShort-Term Structure Has Turned Lower Bitcoin has started to produce a series of lower highs and lower lows following the sharp rejection from $81,478. For now, that leaves sellers in control of the immediate 4-hour structure. Buyers Step In at the 0.786 Fib Price has found buying interest around the 0.786 Fib at $76,815, with the latest low reaching $76,420 before bouncing. Holding this area would give bulls an opportunity to stabilise the pullback. Bulls Need to Reclaim $79,400 The recent $79,400 swing high is now the important short-term level overhead. A break above there would end the current sequence of lower highs and lows and give Bitcoin a bullish change of character. Momentum Remains Weak RSI remains below 50 following the earlier bearish divergence, although StochRSI is beginning to cross higher from oversold territory. That could support a short-term bounce, but momentum has yet to meaningfully turn bullish. The Bigger Picture Still Matters Bitcoin has been trending higher over the past two months, but the longer-term picture remains bearish. The major weekly resistance around $82,850 remains the level bulls ultimately need to overcome before the broader outlook can materially improve. In Summary Bitcoin is attempting to bounce from the 0.786 Fib around $76,815, but the short-term structure remains bearish following a sequence of lower highs and lows. Reclaiming $79,400 would give bulls a much-needed change of character and strengthen the case for another move higher. Until then, downside risk remains, with $75,545 sitting below as the next important support. Longer term, $82,850 remains the major barrier separating Bitcoin from a more convincing bullish shift.