BTCUSD 4H Analysis: Is Bitcoin Preparing for One More Drop?BitcoinOANDA:BTCUSDLunadigitalBitcoin is showing signs of a short-term recovery after reacting from the equal lows (ERL), but the overall 4-hour market structure remains bearish. The current bounce appears to be a corrective move rather than a confirmed trend reversal. The highlighted 0.72–0.786 Fibonacci retracement zone (75.6k–77.3k) is acting as a major resistance area. This region aligns with previous supply and could attract fresh selling pressure if price reaches it. Key Technical Highlights * ✅ Equal Lows (ERL) have been tapped, providing short-term liquidity. * ✅ A relief rally toward the Fibonacci resistance zone is possible. * ⚠️ The 0.72–0.786 Fib zone is the key area to watch for bearish confirmation. * ⚠️ Failure to break above this resistance may lead to another impulsive decline. Trading Outlook If Bitcoin rejects the highlighted Fibonacci resistance zone with bearish confirmation, sellers could regain control and push the market toward lower liquidity. Based on the current structure, the next major downside objective sits around the 34,000 region. However, if buyers manage to reclaim and hold above the 0.786 Fibonacci level, the bearish scenario would weaken, and a deeper recovery could follow. Not Financial Advice. Trade at Your Own Risk.