Rekt Capital

“#BTC "If this price action ends as an upside wick by the end of the week, this will have been a bearish retest to confirm the breakdown from the 50-week EMA" Already, price action is forming an upside wick beyond the 50-week EMA (purple), solidifying a potential bearish retest here If this continues, the breakdown from the EMA will be confirmed EMAs like the 50-week EMA tend to hold as support in Bull Markets and act as resistance in Bear Markets Thus, price struggling to hold the EMA as support just demonstrates that the trend is not yet conclusively "Full Bull" $BTC #Bitcoin”

“#BTC Bitcoin has Weekly Closed below the 50-week EMA (purple) Technically, this could set price up for a bearish retest of the 50-week EMA into new resistance That said, at this very moment price is trying to reclaim the EMA If this price action ends as an upside wick by the end of the week, this will have been a bearish retest to confirm the breakdown from the 50-week EMA $BTC #Bitcoin”

“#BTC Bitcoin is getting closer and closer to positioning itself for a repeat of May 2026 price action (red circle) Bitcoin needs a Weekly Close above ~$78300 (blue) to avoid May history from repeating $BTC #Bitcoin https://t.co/xZpgixgVma https://t.co/XiEoJ77GMF”

“#BTC At this very moment, Bitcoin is positioned for a bearish Weekly Close below the 50-Week EMA (purple) Of course, there are still a few more hours left until the Weekly Close occurs so things could still easily change But if the Weekly Close occurs just like this and then the 50-week EMA is turned into new resistance afterwards... There'd be a very similar situation to what happened when price initially retested the green 21-week EMA support but ultimately broke down from it weeks later (red circle) Both of these EMAs tend to act as support in a Bull Market So if they can't hold sustainably as support then that would be a confirmation of the trend not being in a full-blown Bull Cycle yet $BTC #Bitcoin”

“#BTC Bitcoin continues its positioning below ~$78300 which is the Weekly level that price needs to successfully retest as support to move higher At the moment, price is below this level, prepared for a Weekly Close below, which resembles May 2026 Such a Weekly Close followed by a bearish retest would likely send price lower $BTC #Bitcoin”

“#BTC Bitcoin has generally maintained these highs over the past few weeks Each time rebounding from ~$77k (orange) into Daily Higher Highs but each time also returning right back into this same $77k level, regularly retracing any gains made (a sign of price weakness) Meanwhile, the RSI has developed two Lower Highs, signalling mounting weakness, strengthening the Bearish Divergences Of course, while as RSI dwindles it is getting closer and closer to the Daily Higher Low on the RSI (blue) which is going to be a potential RSI support worth monitoring in the future Overall, if Bitcoin loses its Daily Price Higher Low (black) and $77k Daily support (orange) then the Bear Divs will validate and this provisional Daily Double Top will activate All about the $77k level on the Daily and the $78300 level on the Weekly and whether they can continue to sustain support amidst signs of mounting weakness $BTC #Bitcoin”

“#BTC At this very moment, Bitcoin is positioned for a repeat of bearish price history However, Bitcoin has a few more days to turn things around before the new Weekly Close, if it can A Weekly Close below ~$78300 could set price up for a breakdown like in May $BTC #Bitcoin https://t.co/p2byeo3R1n https://t.co/upWuzpGObA”

“#BTC The Daily Bitcoin Bearish Divergences continue and that weakness is slowly translating into price But Bitcoin would still need to confirm a breakdown from $77k (orange) to have this mounting weakness fully translate into price bitcoin:native #Bitcoin https://t.co/ckhQ4WfxWC https://t.co/tx0AexNf7F”

“#BTC Can Bitcoin prove sustained strength at these highs? Previous overextensions lasted anything from 1 week to 4 weeks before a major pullback Bitcoin has successfully managed to perform a Weekly Close at these highs But Bitcoin will need to perform such a Weekly Closes a few more times to stave off downside and ideally rally to Higher Highs Because if this is a Bear Market Relief Rally, in the absence of stability here and/or a new Higher High, price could pullback strongly within a handful of weeks bitcoin:native #Bitcoin”

“#BTC Bitcoin is still hovering beneath the Macro Downtrending resistance, having upside wicked briefly beyond it Still the pivotal resistance and by staying below it, Bitcoin continues its series of Macro Lower Highs bitcoin:native #Bitcoin https://t.co/anBReUrDhp https://t.co/UZsfPfzT8W”

“#BTC Here's something noteworthy about the Bitcoin February 2026 and June 2026 lows: Both bottomed at roughly the same price point (price green box) and at near identical levels of being Oversold on the RSI (RSI green box) Both times Bitcoin reversed to the upside towards ~$80,000 But when price rallied to the May 2026 highs... Bitcoin was drastically less Overbought on the RSI than it is on this current advance into ~$80,000 More, Bitcoin is forming a Price Lower High, which is important in the context of these major RSI Overbought differences The RSI Higher Highs together with the Price Lower Highs bring about a Hidden Bearish Divergence on the Daily timeframe at this major psychological resistance of ~$80,000 This Hidden Bear Div will persist, unless Bitcoin is able to break into a new Higher High on price bitcoin:native #Bitcoin”

“#BTC With only a couple of days to go until the new Monthly Close... Bitcoin is still finding resistance at the confluent historical point of rejection that are the April/May 2026 candle-bodied highs and the Macro Downtrend Monthly Close below the blue horizontal would both solidify this resistance and confirm yet another Macro Lower High bitcoin:native #Bitcoin”

“#BTC Every time Bitcoin produced a fake-breakout (red circle) from a price cluster (orange), price would revert back to the cluster And whenever that would happen, Bitcoin would Weekly Close beneath the Cluster Low and bearish retest it into new resistance to confirm additional downside (blue circles) Should Bitcoin reject at its Macro Downtrend and local top here at ~current prices... Then bearish retesting either of the levels located in the future blue circles ($72400 & $66200) would confirm additional downside lower Bearish retest of $72400 could send price into the high mid-$60,000s And bearish retest of $66200 could send price into the low $60,000s $BTC #Bitcoin”

“#BTC Bitcoin continues to try to maintain the highs above the 50-week EMA (purple) while any upside attempt is being immediately rejected Bitcoin needs to hold here a good while to demonstrate price-strength confirmation Once again, if this is a Bear Market Relief Rally (and you can always make this case for as long as price maintains Macro Lower Highs), price won't be able to keep these highs for too long $BTC #Bitcoin”