Bitcoin breaks April support but whale buy orders near $75,800 absorb selling pressure.

Bitcoin fell below its ascending support line from April after the FOMC day breakdown, trading near $75,633 and signaling short-term weakness. This breakdown shifts the previous support into potential resistance, giving bears control unless Bitcoin reclaims the channel. However, large whale buy orders near $75,800 are absorbing selling pressure, suggesting strong buyers are stepping in to stabilize the price. The key level to watch is around $75,800; if Bitcoin holds this zone, a short-term recovery is possible, but a break below could lead to a retest of $72,000-$73,000 support levels.