#BTC# As it stands, Bitcoin is positioned for yet another bearish Weekly Close Bitcoin would need to Weekly Close above ~$78300 to stave off additional downside, at least momentarily But even then, any lesser rally than the mid-September uptrend originating from this local ~$76800 support would be a sign of weakening support at ~$76800 Bulls have a lot of work to do to turn things around and at the moment the bears are in full control Let's see how the Weekly Candle Closes as that will offer more confirmation regarding the health of ~$76800 and ~$78250 as levels of historical reaction $BTC #Bitcoin#

#BTC# Bitcoin is soon going to test whether ~$78500 will act as a new resistance after being lost as support recently Over the previous two times that Bitcoin 3-Day Closed below ~$78500 (May and September), the bearish retests were both initially successful In May, Bitcoin dropped to new lows for the Bear Cycle whereas in September Bitcoin experienced two 3-Day bearish retests to new Lower Lows before a bullish trend reversal occurred If the 3-Day bearish retest is successful once again on this occasion, that could see price go below the recent local lows of ~$76000 $BTC #Bitcoin#

#BTC# Bitcoin has produced a marginal Weekly Close below ~$78300 (blue) and is positioned for a bearish retest In fact, price is already finding resistance at this level This recent Weekly Close, though subtle, resembles the same technical predicament as this past May (red circle) That is, in both instances Bitcoin lost ~$78300 as support and turned it into new resistance $BTC #Bitcoin#

#BTC# Bitcoin hasn't yet confirmed where it will build out its next Market Structure In the ReAccumulation Range (green-red) or the Macro Accumulation Range ($60k-$80k) If $82.5k can't force price into additional upside and keeps displaying weakness... Price would transition back into the Macro Accumulation Range for that Right Shoulder to likely develop $BTC #Bitcoin#

#BTC# Bitcoin is mere hours away from the upcoming new Weekly Close and price is still below the Weekly level of ~$78200 A Weekly Close below ~$78200 could position Bitcoin for yet another bearish retest, akin to May 2026 (red circle) $BTC #Bitcoin#

#BTC# "Any rebound into that level and rejection from there would likely figure as a bearish retest to turn that level into new resistance" The rebound is now underway Bitcoin is bouncing in an effort to check if the 3-Day level of ~$78500 (black) is going to flip into new resistance $BTC #Bitcoin#

#BTC# Since turned the 3-Day level of ~$81400 into new resistance, Bitcoin entered downside continuation And most recently, a new 3-Day Close took place below ~$78500 (black) Any rebound into that level and rejection from there would likely figure as a bearish retest to turn that level into new resistance $BTC #Bitcoin#

#BTC# Bitcoin has failed the retest of ~$82500 which was anticipated as retests here tend to be messy Bitcoin has since dropped across the blue-blue Monthly Range, almost cancelling out September upside in its entirety and in doing so falling into April/May 2026 highs The Monthly Candle Close is just around the corner and so it's worth considering the potential implications of the close relative to key levels Monthly Close above ~$76300 would mean price would maintain Monthly market structure and keep the range And by keeping the Range, there could still be scope for downside wicking below ~$76300 in November, for example But Monthly Close below ~$76300 and this Range could to experience breakdown No need to jump to conclusions about these Monthly levels just yet but it's worth thinking ahead Let's await confirmation in what the final Monthly Close offers and take it from there $BTC #Bitcoin#

#BTC# Bitcoin has performed consecutive bearish retests, turning first $82200 then $81400 into new resistances Weekly Close below any of these two local Weekly levels (~$78200 or ~$76800) and Bitcoin would set itself up for yet another bearish retest $BTC #Bitcoin#