Bitcoin Technical Analysis: Bearish Momentum Targets Key Support

H1 Technical Analysis and Channel Dynamics

Bitcoin continues to experience strong bearish momentum on the one-hour (H1) timeframe, trading near 77,484.16. The price action remains constrained within a primary descending channel, reinforced by a steeper secondary channel pushing prices toward lower technical floors. The asset recently broke beneath key technical support structures, confirming sellers maintain firm short-term control.

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The persistent downward movement followed a failure to hold above the weekly pivot point at 81,468.88 and its upper resistance level (Weekly R1). Subsequently, the price broke below the first weekly support (Weekly S1) near 78,039.02 before attempting a temporary stabilization near current intraday lows.

Key Technical Support and Resistance Levels

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Immediate intraday resistance is identified at 78,500.00, representing the broken floor of the sub-channel. Secondary resistance stands at the psychological 80,000.00 barrier, while the weekly pivot at 81,468.88 serves as the primary trend-defining boundary. On the downside, immediate support rests at 77,000.00, followed by the second weekly support (Weekly S2) at 75,802.10 and major support near 74,500.00.

H1 Trading Outlook and Key Scenarios

The primary market scenario remains bearish while prices continue to trade below nearby resistance and the 81,468.88 weekly pivot. Rebounds toward the 78,500.00–80,000.00 resistance range offer potential sell opportunities, with primary technical targets set at 77,000.00 and 75,802.10.

An alternative corrective bullish scenario requires a clear H1 candle close above the 80,000.00 level. Achieving this confirmation could trigger a deeper positive correction toward the weekly pivot at 81,468.88, with further extension targeting the first weekly resistance (Weekly R1) at 83,705.80.

Daily Timeframe Perspective and Monthly Levels

On the daily chart, Bitcoin is trading around 77,518.70, positioned below its descending channel and underneath the monthly pivot point of 82,012.69. Yesterday's strong sell-off brought prices close to the first monthly support (Monthly S1) at 76,629.19. Today's candle reflects continued negative momentum and consolidation under seller dominance, favoring a potential retest of the 76,629.19 level.

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