Bitcoin Price Analysis: After encountering US$80,000 resistance, what are the key support levels for

Bitcoin Price Analysis: Daily Chart Perspective

After digesting the strong rebound in August in the past few weeks, Bitcoin is approaching a critical juncture. As prices fall back near the lower edge of the recent structure and market participation remains relatively low, the current market is increasingly relying on support from the $76,000 to $77,000 region to prevent the current correction from widening further.

Judging from the daily structure, the overall shape of Bitcoin is still significantly stronger than the state before the breakthrough in August. That strong rally pushed asset prices past the main resistance areas of $66,000 -67,000 and $72,000 -74,000, as well as two major moving averages, eventually reaching the supply area of $80,000 -82,000.

However, prices have repeatedly failed to establish a solid take-over in the resistance zone above this. The latest K-line series shows decreasing momentum and a gradual retreat towards US$77,000, while the RSI indicator has cooled significantly from previous overbought readings. This suggests that the initial bullish momentum is weakening, at least in the short term.

Currently, the US$76,000 -77,000 region has become the first important support level. If it can hold this area, Bitcoin is expected to continue to consolidate below the US$80,000 -82,000 resistance zone, accumulating strength for the next round of breakthrough attempts. However, if the daily decline effectively falls below US$76,000, the risk of a deeper correction will increase significantly, and the former resistance area of US$72,000 -74,000 (now converted into support) will become the next key target.

Despite the weak short-term trend, as long as Bitcoin remains above US$72,000 -74,000, the broader market structure will remain relatively constructive. If prices can recover above US$80,000 and are confirmed outside the US$80,000 -82,000 supply zone, bullish momentum will be renewed.

BTC/USDT 4-hour chart analysis

The 4-hour time frame provides a clearer view of Bitcoin's immediate decision points. Since its initial surge, Bitcoin has been trading on a wide rising channel, but prices have weakened significantly after being recently rejected by the upper edge of the channel and the US$80,000 -82,000 resistance zone.

Since that rejection, Bitcoin has formed a series of low short-term highs and has now fallen to around US$76,000 -77,000 on the lower rising edge of the channel. The latest K-line shows an initial reaction at this support level, but the rebound is relatively mild.

This makes the downward trend line critical. A strong rally could keep the channel intact and initially point to the US$79,000 -80,000 area before challenging the main US$80,000 -82,000 resistance area. However, if a break below the US$76,000 -77,000 channel support is confirmed, it represents a shift in the short-term structure and increases the probability that prices will move towards the US$72,000 -74,000 support area.

The repeated inability of

to keep the rally higher to the upper edge also suggests that buyers currently lack the momentum needed to break through immediately. Unless circumstances change, volatile markets in the lower half of the channel may persist.

Emotional analysis

Data on the average bitcoin spot order size further confirms the weakening of market confidence. In the latest observation near the $77,000 -80,000 area, the vast majority of orders are gray, representing normal-size orders, with only a few green dots representing large whale (large) orders.

This is significantly different from the early stages of the chart, when a large concentration of whale orders was accompanied by more directional price movements. Although there have been some large orders recently, a sustained concentration has not yet been formed, indicating that whale participants have not shown a strong willingness to participate aggressively at current prices.

As a result, the spot market seems to lack a strong directional catalyst from large players. This is consistent with the technical structure, which means that Bitcoin is showing a slow downward trend rather than a sharp sell-off. Unless whale activity becomes more visible, Bitcoin could be vulnerable to low-momentum consolidation and face the risk of a potential deep correction before a clearer trend develops.