Bitcoin is encountering significant technical challenges as its momentum slows and market sentiment reaches oversold levels. Key indicators, including the two-week Relative Strength Index (RSI) and the monthly SOTT cycle, suggest that Bitcoin is at a pivotal point. Holding current support levels could stabilize the market, while a breakdown might indicate a deeper correction ahead. The fear and greed index, which reflects past market rebounds, currently offers mixed signals regarding Bitcoin's near-term direction.