Bitcoin Bouncing From Support… But Resistance Still HeavyBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisDaily chart still at a key decision point • BTC has reacted positively from the 0.786 Fib around $76,565, with buyers stepping in near recent lows • However, price still remains trapped below the key 0.618 Fib resistance around $77,868 Double-top concerns remain active • The recent structure near $82,850 still resembles a potential double top on the daily timeframe • Combined with the downward-sloping 21-Day EMA, the chart continues to show signs of underlying weakness Weekly chart still mixed overall • BTC previously found heavy selling near the weekly 0.618 Fib around $83,437 and the old $80,600 swing low • The 21/8-Week EMAs also remain bearishly crossed despite the recent recovery from $60k Momentum indicators still favour caution • RSI remains below 50 on both charts, showing momentum still leans bearish overall • Volume has also started declining during the bounce, suggesting conviction from buyers remains limited for now In Summary Bitcoin has shown decent strength from the recent lows, bouncing from the key 0.786 Fib support around $76.5k. However, the chart still looks trapped between important support and resistance, while the broader structure continues showing signs of strain. The potential daily double-top formation near $82.8k remains a concern, especially with momentum indicators still leaning bearish. Bulls now likely need a stronger reclaim above the 0.618 Fib resistance and falling EMA resistance to really shift sentiment back in their favour.