#Bitcoin is under pressure, trading at 77,550 as it tests key support levels amid rising volatility. The 50-week SMA at 75,471 is acting as critical support, while the 200-day SMA at 83,360 remains a major resistance level. RSI sits at 31, signaling bearish momentum, and volatility remains high with an ATR of 5,000.

Bitcoin's correlation with the S&P 500 is at 0.92, indicating strong alignment with traditional markets. Any significant moves in equities could have a direct impact on BTC's price action.

In lower timeframes, bearish sentiment remains dominant. The 12-hour and 4-hour trends show BTC in bear mode, with stop resistance at 89,984 and 92,127. The trading range remains tight, with support between 78,800 and 81,100. Losing this level could lead to further downside.

For $BTC to regain strength, it needs to reclaim 83,000 and break through key resistance levels. Until then, caution is warranted as volatility remains elevated.
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