Bitcoin continues to hover near the $82,000–$85,000 range as buyers struggle to regain momentum.
On the daily timeframe, BTC is attempting to defend the $80K support zone after another rejection from the $88,000 resistance and the 200-day moving average nearby.
On the 4-hour chart, BTC was recently rejected sharply from the red resistance zone around $88,000 after consolidating below it for several days.
Miner Reserve continues its long-term decline, marking one of the most sustained distribution trends by miners in years.