Bitcoin: Retraces Entire $82k Rally to $77k

BTC has surrendered its entire advance from $82k and now trades near $77k, posting 2% losses across both the week and month. The move tracks Treasury Secretary Bessent's intensifying clash with the bond market after the department tripled Wednesday's buyback to $6bn yet saw Thursday's auction draw only $5.19bn in bids.

Price action at $77138.17 sits inside the Bollinger band with the lower support at $76514.69 and upper resistance at $79648.04 acting as near-term volatility bounds. The bearish EMA50 at $78436.54 continues to cap any recovery while the EMA200 at $74119.33 provides longer-term floor; the MACD death cross at -573.36 and neutral RSI at 36.67 together signal sustained downside pressure before any sustained bounce materializes.