$BTC is showing short term bearish pressure after rejecting hard from 78k and losing the EMA(200) around 76.2k.

Key support:

* 74.7k current local low

* 74.2k major liquidity zone

* Losing 74k could accelerate downside

Key resistance:

* 75.8k intraday resistance

* 76.2k EMA(200)

* 76.8k major reclaim level

Bearish scenario:

If BTC keeps rejecting below 76.2k, market structure remains weak and another sweep toward 74k becomes likely. Momentum currently favors sellers on low timeframe.

Bullish scenario:

BTC needs a strong reclaim above EMA(200) with volume. If buyers recover 76.2k–76.8k, the structure could shift back toward 77.5k+.

Right now this looks more like a relief bounce inside a short term downtrend rather than a confirmed reversal

#DeFi security concerns rise #SoFi launches bank-issued stablecoin #OCC charter debate intensifies