News: Bitcoin is facing resistance around the 78.7k level and is currently rejecting with lower highs. Key support zones to watch are 73,900-74,900, 70,600-71,400, and 65,700. The most likely short-term scenario is a move down to the 74k zone, potentially followed by a test of the 71k support. A breakout and hold above 78.7k would shift the momentum upward.
AI Analysis: The analysis suggests a bearish bias in the short term, with a high probability of a retracement due to the rejection at resistance. Traders should monitor the key support levels for potential buying opportunities or further downside.
