Bitcoin Drops Below $76,000 Amid Technology Stock Sell‑Off

BTC declined below $76,000, losing 5.3% in 24 hours, pressured by a selloff in technology stocks. Although the RSI at 26 is approaching oversold territory, the MACD remains clearly below its signal line and in negative territory, indicating that downward momentum has not yet exhausted. Price is trading below the SMA20 and SMA50, with the short-term trend pointing lower. Oversold conditions could set the stage for relief buying, but if deterioration in macro risk appetite continues, the 74,000–75,000 range may be tested. The short-term outlook remains cautiously negative.

Bitcoin's decline below $76,000 creates direct negative pressure on crypto-linked stocks such as Coinbase; trading volume and fee revenues carry downside risk. The technical picture is also weak: the price is clearly below the SMA20 and SMA50, below the MACD signal line, and the RSI at 37 places it in weakness territory. Although the 24-hour change is limited to -1.5%, momentum is to the downside. In the short term, support around $135 and resistance at $145 should be monitored. Since the news flow and technical indicators point in the same direction, the downward bias stands out, but given the oversold approach, expectations of a sharp decline should not be exaggerated.