BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under broader bearish pressure on the daily timeframe, with price continuing to trade below declining moving averages and maintaining a sequence of lower highs. The recent rebound from the $63,000 area appears corrective rather than structural, as the market is still operating within a wider downtrend.
On the intraday structure, BTC staged a sharp impulsive rally toward the $66,000 region before facing rejection. Price is now consolidating near $65,000, suggesting hesitation beneath a key supply zone while higher timeframe pressure remains intact.
Key Resistance Zone
The nearest resistance stands at $65,800 – $66,200, a zone formed by the recent spike high and subsequent rejection.
Additional resistance levels:
- $67,500
- $69,000 (major H4 structural resistance)
As long as Bitcoin trades below $66,200, bearish pressure remains dominant within the broader structure.
Key Support Zone
Immediate support lies at $64,800 – $65,000, where price is currently attempting to stabilize.
A breakdown below $64,800 would expose lower targets:
- $63,500
- $63,000 (major recent swing low)
A sustained move below $63,000 would confirm bearish continuation and reinforce the dominant downtrend.
Expectations
Bearish Scenario (Primary)
Failure to break above $66,200 may trigger renewed selling pressure. A break below $64,800 could accelerate the decline toward $63,500, with room to extend toward $63,000.
Bullish Scenario (Alternative)
A decisive breakout above $66,200 would signal short-term strength, opening the path toward $67,500. A sustained move above $67,500 would begin to weaken the current bearish structure.
Outlook
Bitcoin is attempting a short-term recovery, but the broader structure remains bearish below $66,200. Unless buyers reclaim higher resistance levels, the current rebound risks fading, with downside pressure likely to re-emerge toward the $63,000 zone.
