BTCUSD | Technical Outlook
Market Structure
BTCUSD remains under sustained bearish pressure across higher timeframes, with the broader structure continuing to print lower highs and lower lows. After a sharp decline toward the $64,000–$66,000 region, price is attempting a minor intraday recovery, but momentum remains weak overall. The daily and H4 charts still reflect a dominant downtrend, while lower timeframes show only a corrective bounce within that broader bearish structure.
Key Resistance Zone
The nearest resistance stands at $68,500 – $69,500, aligning with recent breakdown levels and short-term moving average resistance.
Additional resistance levels:
- $70,500
- $72,000 – $73,000 (major supply and structural resistance)
As long as Bitcoin trades below $69,500, bearish pressure remains dominant.
Key Support Zone
Immediate support lies around $66,500 – $67,000, where price is currently attempting to stabilize.
A breakdown below $66,500 would expose deeper downside levels:
- $65,000
- $63,500 – $64,000 (major structural support zone)
A failure to hold above $63,500 could trigger another impulsive leg lower.
Expectations
Bearish Scenario (Primary)
The prevailing trend favors continued downside while price remains below $69,500.
A break below $66,500 would likely accelerate selling toward $65,000, with room to extend toward $63,500.
Bullish Scenario (Alternative)
A sustained move above $69,500 would signal short-term stabilization and open the door toward:
- $70,500
- $72,000 – $73,000
However, any upside remains corrective unless Bitcoin reclaims levels above $73,000.
Outlook
Bitcoin continues to trade within a broader bearish structure, with sellers maintaining control on higher timeframes. While short-term rebounds are possible, the overall bias remains to the downside unless key resistance levels above $69,500 are decisively reclaimed.
