GOOD MORNING: BTC Update – May 20 Bitcoin on the D1 timeframe is showing clear signs of cooling downside momentum. Recent candles continue to print long lower wicks near the lower Bollinger Band, indicating that buyers are starting to step in more aggressively whenever price revisits the lower range. At the same time, the bearish candles are gradually contracting in size as BTC approaches the 76K support zone, suggesting that selling pressure is weakening and downside momentum is losing strength compared to previous phases. On the H4 timeframe, BTC is currently forming a potential Double Bottom structure around the 76K support area. Price has repeatedly reacted at this level with multiple rejection wicks, showing that buyers are actively defending the zone. The inability to break decisively below support is building a short-term equilibrium between buyers and sellers. If this structure gets confirmed, BTC is likely to see a technical rebound toward the 78.5K–79K resistance zone, which aligns with the previous breakdown area and now acts as a key retest level. Overall, BTC is currently in a compression phase at a major support level, with the short-term bias leaning toward a technical bounce before the market decides its next directional move. $BTC $ETH