BTC Rejected at $77,700, Eyes $74,000 Zone

Bitcoin's recent price action has led to a rejection at $77,700, and analysts are now targeting a sweep of the $76,400 low followed by the $76,200 zone.

This comes as BTC trades at $76,392.72 on the 4-hour chart, beneath the EMA50 resistance at $77,521.33, while the EMA200 sits at $71,736.21 as a long-term floor.

The MACD death cross at -306.8 confirms bearish momentum, and price is already probing the lower Bollinger Band support near $76,780.