Bitcoin is approaching a pretty important level here. $BTC has lost $79,500, which had been acting as support, and the latest bounce has failed to reclaim it. We've now got a clear sequence of lower highs on the 4H chart, with the rejection around $84,800 followed by another failed recovery towards $78,700. The level I'm paying close attention to now is $76,400. If Bitcoin loses that support on a convincing 4H close, I think we could see another leg lower. On the other hand, if buyers manage to defend it and push price back above $79,500, that would be the first sign that the immediate selling pressure is easing. Above there, $83,500 is the next major hurdle, followed by $87,000. I wouldn't be rushing to call a bottom just because BTC is testing support. The structure is still bearish, and bulls need to prove they can reclaim lost levels before the outlook starts to improve.