Bitcoin Holds Near $76K Amid Weak Momentum and Tight Liquidation Zones

Bitcoin (BTC) fell to a low of $75,605 before recovering to trade around $76,860, down 1.7% for the session. The move came amid weak short‑term momentum and significant liquidation clusters both above and below the current price.

Technical overview

The daily Supertrend remains bullish at $72,786, but the 4‑hour Average Directional Index (ADX) is 17.26, indicating weak trend strength. On the 4‑hour chart, price sits near the lower Bollinger Band ($76,180) and below the middle line ($77,404), suggesting continued selling pressure and a likely consolidation phase.

Key support and resistance

• Immediate support: $75,500–$76,000 zone.
• Next support levels: $74,000 and the daily Supertrend around $72,800.
• Immediate resistance: $77,400, followed by $78,000–$78,630.
• Higher targets: $78,000–$80,000 and, if broken, the $81,000–$82,000 area.

Liquidity and liquidation clusters

CoinGlass heatmaps show concentrated leverage above $77,600–$78,500 and near $80,000, while the strongest short‑side liquidity sits around $75,000, with smaller clusters at $74,000 and $73,000. A break below $75,500 could trigger rapid declines as leveraged longs are liquidated.

Market context

Political uncertainty surrounding the Digital Asset Market Clarity Act and anticipation of the Federal Reserve’s policy decision have added caution. Rising Treasury yields and higher oil prices have also dampened demand for risk assets, including cryptocurrencies.

Outlook

Holding the $75,500–$76,000 band would allow Bitcoin to aim for $77,400 and potentially $78,600. A confirmed break below this zone could open a path toward $74,000 and lower, testing the daily Supertrend level.