Bitcoin Fails At Former Support As Downside Pressure ContinuesBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisSupport Turns Resistance • Bitcoin failed to reclaim the former $74,300 support zone. • The rejection reinforces the idea that previous support has now become resistance. Bearish Structure Remains • Price continues to print lower highs and lower lows across the 4-hour timeframe. • Until that sequence is broken, sellers retain the structural advantage. EMAs Still Pressing Lower • The 100/50-period EMAs remain bearishly crossed. • Both moving averages are acting as dynamic resistance and continue to cap rallies. 0.618 Fib In Focus • Price is now drifting towards the daily 0.618 Fibonacci retracement around $71,800. • This is the next major area where buyers may attempt to step in. Volume Offers Little Encouragement • Selling volume increased during the decline, highlighting bearish participation. • More recently, volume has faded during consolidation, suggesting a lack of aggressive buying interest. In Summary Bitcoin begins the week looking vulnerable after failing to reclaim the $74,300 former support zone. The bearishly crossed 100/50 EMAs, an ongoing sequence of lower highs and lower lows, and increased selling volume all continue to favour the downside. With momentum indicators remaining weak and buyers struggling to regain key levels, attention now turns towards the daily 0.618 Fibonacci level near $71,800. Bulls likely need a reclaim of the $78,000 resistance zone to meaningfully improve the current technical picture.