$BTC BTC saw a sharp push upward, followed by a quick rejection from the top. After that spike, price started cooling down and is now pulling back with strong momentum on the downside.
What’s happening now
Price is trading below short-term moving averages, showing short-term weakness.
Selling pressure increased after the rejection, but momentum is starting to slow.
RSI is already in oversold territory, which often hints that panic selling may be near its end.
Short-term outlook (1H–4H)
If BTC can hold the current zone, a small relief bounce toward the previous breakdown area is possible. How