BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD is undergoing a sharp bearish continuation after failing to sustain its latest corrective rebound. Selling pressure has re-emerged aggressively, pushing price decisively lower and confirming a renewed downside momentum across higher timeframes.
The breakdown from the $76,000 – $78,000 consolidation zone triggered a strong impulsive selloff, driving BTC toward fresh lows near $70,000, where price is currently attempting to stabilize.
The broader structure remains decisively bearish, with price trading well below key moving averages and repeated recovery attempts failing to gain traction.
Key Resistance Zone
The nearest resistance is now located at $71,500 – $72,500, formed by the recent breakdown area. Any upward retracement is likely to encounter selling pressure within this zone.
Additional resistance levels:
• $74,000
• $76,000 – $77,000 (major bearish rejection zone)
As long as Bitcoin trades below $72,500, bearish momentum remains firmly in control.
Key Support Zone
Immediate support lies around $70,000 – $70,500, where the current decline has temporarily paused.
A breakdown below $70,000 would further intensify bearish pressure, exposing lower downside targets:
• $68,500
• $66,000 – $67,000 (major structural support)
A failure to hold $66,000 would significantly deepen the broader downtrend.
Expectations
Bearish Scenario (Primary)
The prevailing momentum favors continued downside as long as price remains below $72,500.
If $70,000 breaks, BTC is likely to accelerate toward $68,500, with room to extend toward $66,000.
Bullish Scenario (Alternative)
A recovery above $72,500 would be the first signal of short-term stabilization, opening the door toward:
• $74,000
• $76,000 – $77,000 (a key barrier that must be reclaimed to weaken the bearish trend)
Until then, upside attempts are expected to remain corrective and short-lived.
Outlook
Bitcoin remains under strong downside pressure, with sellers firmly dominating after the loss of key structural support levels. The overall structure stays bearish unless price can reclaim territory above $72,500, while a confirmed break below $70,000 could accelerate the decline toward deeper support zones.
