Bitcoin still in reactive phase

Bitcoin’s relief bounce stalled right at the descending trendline, and the move up couldn’t break through the mid-96k supply zone. Momentum is cooling off again, and volume isn’t supporting a breakout.

Unless price can reclaim that trendline with conviction, the chart still leans corrective. Key areas to watch on the downside remain the mid-80k zone, with stronger support lower in the 70s where demand and volume profile stack up.

For now, BTC is still in a reactive phase. Bulls need a clean close above resistance to shift the structure. Until that happens, caution makes sense.