Bitcoin: Weak Structure Eyes Low Sweep

Bitcoin shows persistent weakness after the recent low sweep produced no follow-through buying. Michaël van de Poppe highlights a series of lower highs that point to another downside probe today or tomorrow, with invalidation only above $81,000.

Price at $79,681 sits inside the Bollinger Bands while the EMA50 at $81,370 and EMA200 at $81,836 cap upside. The MACD death cross at -502 reinforces bearish momentum, and neutral RSI at 37 leaves room for further downside before oversold conditions appear. A sweep toward the lower band near $79,463 aligns with the $78,400-$79,100 liquidity zone cited by the trader; sustained bids there would be required to arrest the move, otherwise extension lower accelerates quickly.