Bitcoin has weakened in the 4-hour timeframe, after an upward trend, and has broken its upward trend line downward. This failure was accompanied by a pole back to The Lost level, which indicates confirmation of a change in trend. Usually in such a situation, when a key trend line is broken and poleb is done, it is considered as confirmation to continue the downward trend. In addition, the price has managed to register a lower floor than the previous one, which is another sign of weakening buyers and empowering sellers.

In the current situation, the first support range is at the level of 79,500, but this level is not of high power and there is a possibility of its failure if the sales pressure increases. This is important because the breakdown of this support could pave the way for bitcoin and lead it to lower support.

Key and more importantly, support is in the 70,000 range, which has served as a strong support level in the past. If the price drops to this level, there is a possibility of a positive reaction and an increase in the volume of purchases in this area, but if the power of sellers overcomes buyers and this level is also broken, further price reductions can be expected.

In contrast, if buyers want to take control of the market, it is necessary that the price return to the top of The 85,000 range and stabilize