Key Takeaways:
BTC printed a May 28 intraday high of $76,047, staying well below the $78,000 trend reversal zone.The MACD level at -550 and momentum at -3,253 confirmed bearish momentum remains active in BTC. BTC bulls need a reclaim of $77,000-$78,000 to shift the 4-hour and daily bias away from bears.Higher highs and lower lows across the 4-hour timeframe told a clear story: sellers were in control between $75,000 and $78,000, and the burden of proof rested with bulls to reclaim that range before any shift in medium-term bias could be considered credible. The $77,000-$78,000 area remained the trend reversal zone that technicians were monitoring closely.
The 24-hour intraday range of $72,622 to $76,047 placed the price well below that recovery zone, and the daily chart offered little to suggest an imminent shift. Broader support levels at $71,800 and $70,000 remained on the radar as potential targets if the current $72,600 floor gave way under renewed pressure.
Until that happens, the moving average structure confirmed what price action had been communicating for days: the path of least resistance remained to the downside.
