BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under strong bearish pressure despite a short-lived recovery attempt from recent lows. The broader structure across the H4 and Daily timeframes continues to print lower highs and lower lows, confirming that sellers still dominate the trend.
The recent rebound from the $62,000 area has stalled near the mid-$66,000 region, where selling pressure quickly resurfaced, keeping the overall structure corrective at best.
Key Resistance Zone
Immediate resistance is located at $66,200 – $67,000, a former intraday support zone that has now turned into supply. This area also aligns with descending moving average resistance.
Additional resistance levels:
- $68,500
- $70,000 – $71,000 (major bearish rejection zone)
As long as BTC trades below $67,000, upside moves are likely to be corrective.
Key Support Zone
Primary support remains at $62,000 – $62,500, where buyers previously stepped in aggressively.
A confirmed break below $62,000 would expose deeper downside targets:
- $60,000
- $58,000 – $59,000 (major structural support)
Failure to hold this zone would signal trend continuation to the downside.
Expectations
Bearish Scenario (Primary)
The dominant bias remains bearish while price holds below $67,000.
A rejection from current levels or from $66,200 could trigger another leg lower toward $62,000, with a potential extension to $60,000.
Bullish Scenario (Alternative)
A sustained break and hold above $67,000 would be the first sign of short-term stabilization. This could open the door toward:
- $68,500
- $70,000, where sellers are expected to re-emerge strongly
Without a reclaim of $70,000, any upside remains corrective.
Outlook
Bitcoin continues to trade within a broader bearish structure, with recovery attempts struggling to gain traction. Sellers remain in control below $67,000, while a break under $62,000 could accelerate losses toward lower major support zones.
