Bitcoin Bears Still Hold The Upper HandBitcoin / TetherUSBINANCE:BTCUSDTDukesMarketAnalysisLower Highs Continue • Bitcoin continues to produce a series of lower highs and lower lows, keeping the short-term trend firmly bearish despite holding above the recent lows. Resistance Remains Overhead • The bearishly crossed 100/50-period EMAs continue to act as dynamic resistance, with the $62,000-$62,500 zone remaining the key area bulls need to reclaim. Double Bottom Still Possible • Price is attempting to build a potential double bottom around $58,100-$58,900. However, the pattern remains unconfirmed until resistance is broken. Volume Lacks Conviction • The aggressive selling into the recent lows has faded, but the latest bounce is occurring on relatively light volume, suggesting buyers have yet to take control. Bulls Need A Change Of Character • A move above the initial $60,941 swing high would provide the first bullish change of character, while a break above $62,500 would significantly weaken the current bearish outlook. In Summary Bitcoin continues to trade within a bearish short-term structure, with lower highs, lower lows and the bearishly crossed 100/50 EMAs keeping pressure on price. Although a potential double bottom is beginning to form, the recovery has lacked strong buying volume. Until bulls reclaim the key resistance levels around $60,941 and $62,500, the technical picture continues to favour another move lower rather than a sustained recovery.