Bitcoin Holds $60,000 Support as $75,000–$80,000 Resistance Cap Upside

Bitcoin continues to trade below its 100-day and 200-day moving averages and beneath the upper trendline of a descending channel, with the $60,000 level acting as key support following the recent selloff. The primary resistance zone sits between $75,000 and $80,000, capping rallies and keeping price action corrective within the broader downtrend. On the 4-hour chart, BTC trades inside a rising channel near $69,000, with the upper boundary at $73,000–$75,000 intact and RSI signaling improved momentum that has yet to reach breakout levels. Funding rates have turned negative after remaining mostly positive last year, reflecting increased caution among derivatives traders and a more balanced positioning environment as excessive bullish leverage has cleared.