Bitcoin: Struggles at CME Gap With Five Red Days

Bitcoin prints five straight red candles and shows zero follow-through despite Michael Saylor adding another $2 billion, leaving the market staring at an unfilled CME gap at $79,100.

Oil at $107 and rising yields continue to pressure risk assets, so any reversal in those macro drivers will be required before BTC can attempt a sustained push higher.

Price action on the 4h chart sits inside the Bollinger Bands near $76,830.97 with the EMA50 at $78,642.95 acting as immediate resistance and the EMA200 at $77,362.41 providing secondary overhead; the neutral RSI at 38.43 paired with a MACD golden cross at -707.35 suggests a brief relief bounce toward the upper band at $78,869.30 remains possible, yet failure to reclaim that zone would open a swift retest of the lower band support at $76,171.41 and the recent swing lows.