Rekt Capital

“#BTC Bitcoin has bearish retested ~$83400 into new resistance For continued downside from here however, price would need to keep rejecting from the Lower High (red) and breakdown from this orange $80k region $BTC #Bitcoin https://t.co/K0wHHS2rRQ https://t.co/1Gdj1hCOAA”

“#BTC Turning ~$83400 into new resistance to reject price strongly on a bearish retest would probably confirm this downside as a longer pullback rather than just a downside deviation like last time $BTC #Bitcoin https://t.co/Fmo3yZrpzR”

“#BTC The upcoming Weekly Candle Close for Bitcoin could very well be decisive Weekly Close below the ~$82500 level could set price up for a bearish retest of that level to potentially build out a Right Shoulder within the $60k-$80k Macro Range ~$82500 is the transitional price point that will dictate where Bitcoin will build out its next market structure $BTC #Bitcoin”

“#BTC Interestingly, the two EMAs (purple 50-week EMA & green 21-week EMA) are converging and slowly building confluence in the mid- to high $70,000s Over time, this confluence will occur at higher prices given the dynamic nature of the EMAs More, a Golden Cross is set to occur over the next several weeks Historically, whenever a pullback has taken place into the two EMAs in early Bull Markets, the pullback bottom would not be too far off, especially whenever deviations below the EMAs would occur After all, successful retesting of the two EMAs in new Bull Markets has sustained bullish momentum for price $BTC #Bitcoin”

“#BTC ~$82500 for Bitcoin right now is the crucial level to reclaim into a new support because of its prior significance as a resistance on the Bear Market Relief Rally earlier this year $BTC #Bitcoin https://t.co/fLe9rakuUi”

“#BTC Bitcoin has successfully post-breakout retested its Macro Downtrend into new support In doing so, it is technically transitioning from Downtrend into new Macro Uptrend All Bitcoin needs to do going forward is to stay above the Downtrend and/or retest it as support if any deeper pullbacks take place Historically, Bitcoin has more often transitioned into post-breakout Re-Accumulation Ranges (e.g. 2019 & 2023) than gone for Downtrend retests (i.e. 2015) Of course probabilistically, there's a higher chance of Bitcoin developing a newfound post-breakout Re-Accumulation Range in the future in what is technically shaping up to be an early-stage Bull Market but it's worth keeping an open mind to both scenarios After all, since breaking the Macro Downtrend, future pullbacks are likely to take place in the context of Bull Market retracements Which significantly alters the risk side of the equation as opposed to risk in Bear Market Relief Rallies as downside during Bull Market pullbacks tend to be limited before further upside is confirmed $BTC #Bitcoin”

“#BTC Slowly, that weakness is translating into Bitcoin's price action The Daily Bearish Divergences have affected price The RSI Lower Highs have persisted (purple) Bitcoin has lost the $77k level (orange) and is developing a brand new micro Lower High on price (black) And the multi-month RSI Higher Low (blue) is in danger of confirming a breakdown If the RSI bearish retests the Higher Low into new resistance (orange circle), that could very well confirm additional downside over time $BTC #Bitcoin”

“#BTC Bitcoin is getting closer and closer to positioning itself for a repeat of May 2026 price action (red circle) Bitcoin needs a Weekly Close above ~$78300 (blue) to avoid May history from repeating $BTC #Bitcoin https://t.co/xZpgixgVma https://t.co/XiEoJ77GMF”

“#BTC At this very moment, Bitcoin is positioned for a bearish Weekly Close below the 50-Week EMA (purple) Of course, there are still a few more hours left until the Weekly Close occurs so things could still easily change But if the Weekly Close occurs just like this and then the 50-week EMA is turned into new resistance afterwards... There'd be a very similar situation to what happened when price initially retested the green 21-week EMA support but ultimately broke down from it weeks later (red circle) Both of these EMAs tend to act as support in a Bull Market So if they can't hold sustainably as support then that would be a confirmation of the trend not being in a full-blown Bull Cycle yet $BTC #Bitcoin”

“#BTC At this very moment, Bitcoin is positioned for a repeat of bearish price history However, Bitcoin has a few more days to turn things around before the new Weekly Close, if it can A Weekly Close below ~$78300 could set price up for a breakdown like in May $BTC #Bitcoin https://t.co/p2byeo3R1n https://t.co/upWuzpGObA”

“#BTC Bitcoin has dropped into ~$78300 (blue) for a retest attempt The retest is now in progress Earlier this year (red circle), Bitcoin initially enjoyed a successful retest here but ultimately rejected from $82.5k to enter a retrace Ultimately, a Weekly Close below $78300 followed by a bearish retest just like in early May would likely confirm a breakdown $BTC #Bitcoin”

“#BTC Bitcoin has officially Monthly Closed beneath the Macro Downtrend for August However, given that this Macro Trendline is a dynamic resistance, by virtue of the passing of time price has moved beyond the Downtrend More, price has Monthly Closed above the April/May 2026 candle-bodied highs, which are now perfectly confluent with the Macro Downtrend Bitcoin now has a chance to post-breakout retest both the Macro Downtrend and these April/May Monthly highs in an effort to turn them into new support bitcoin:native #Bitcoin”

“#BTC Here's something noteworthy about the Bitcoin February 2026 and June 2026 lows: Both bottomed at roughly the same price point (price green box) and at near identical levels of being Oversold on the RSI (RSI green box) Both times Bitcoin reversed to the upside towards ~$80,000 But when price rallied to the May 2026 highs... Bitcoin was drastically less Overbought on the RSI than it is on this current advance into ~$80,000 More, Bitcoin is forming a Price Lower High, which is important in the context of these major RSI Overbought differences The RSI Higher Highs together with the Price Lower Highs bring about a Hidden Bearish Divergence on the Daily timeframe at this major psychological resistance of ~$80,000 This Hidden Bear Div will persist, unless Bitcoin is able to break into a new Higher High on price bitcoin:native #Bitcoin”

“#BTC With only a couple of days to go until the new Monthly Close... Bitcoin is still finding resistance at the confluent historical point of rejection that are the April/May 2026 candle-bodied highs and the Macro Downtrend Monthly Close below the blue horizontal would both solidify this resistance and confirm yet another Macro Lower High bitcoin:native #Bitcoin”