BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains within a broader bearish structure on the higher timeframes, despite recent short-term recovery attempts. The daily chart continues to show a sequence of lower highs and sustained pressure below the major breakdown zone.
After stabilizing near the $66,000 – $67,000 region, BTC attempted a corrective rebound, but upside momentum remains limited. On H4, price is consolidating below the 200-period moving average, confirming that the broader trend is still tilted to the downside. Intraday (M15/H1) shows a sharp rejection from recent highs near $68,500, signaling renewed short-term selling pressure.
Key Resistance Zone
The nearest resistance now sits at $68,000 – $68,500, an area created by the recent intraday rejection and aligned with short-term moving averages. Any upward retracement is likely to face selling pressure here.
Additional resistance levels:
- $70,000
- $72,000 (major structural resistance on H4)
As long as Bitcoin trades below $68,500, bearish pressure remains dominant.
Key Support Zone
Immediate support lies around $66,000 – $67,000, where price has recently stabilized.
A breakdown below $66,000 would further intensify bearish momentum, exposing lower targets:
- $64,500
- $63,000 – $63,500 (major structural support zone)
A failure to hold $63,000 would confirm continuation of the broader downtrend.
Expectations
Bearish Scenario (Primary)
The current structure favors continued downside as long as price remains below $68,500.
If $66,000 breaks, expect BTC to accelerate toward $64,500, with room to extend toward $63,000.
Bullish Scenario (Alternative)
A recovery above $68,500 would signal short-term stabilization, opening the door toward:
- $70,000
- $72,000 (a key barrier that must be reclaimed to weaken the broader bearish structure)
Until then, upside moves are likely to remain corrective.
Outlook
Bitcoin is trading within a broader bearish framework, with sellers maintaining control below key resistance levels. While short-term consolidation is visible, the structure remains vulnerable to further downside unless BTC reclaims levels above $68,500. A decisive break below $66,000 could trigger the next leg lower toward deeper support zones.
