BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under broader bearish pressure despite the latest short-term rebound from recent lows. The daily timeframe continues to show a dominant downtrend structure, with price trading below key moving averages and forming lower highs following the sharp breakdown earlier this month.
On H4, the recent sell-off toward the 64,000$ – 65,000$ zone was followed by a corrective bounce, but the recovery remains limited and corrective in nature. Intraday (M15/H1) price action shows a rebound toward the 66,300$ area, where price is currently facing resistance after the impulsive drop.
Key Resistance Zone
The nearest resistance now sits at 66,300$ – 66,800$, a zone formed by the recent breakdown and aligned with short-term dynamic resistance. Any further upside into this area is likely to attract renewed selling pressure.
Additional resistance levels:
- 67,500$
- 69,000$ – 70,000$ (major structural resistance zone)
As long as Bitcoin trades below 66,800$, the broader bearish structure remains intact.
Key Support Zone
Immediate support lies around 65,000$ – 64,500$, where the latest decline temporarily stabilized.
A breakdown below 64,500$ would expose lower targets:
- 63,000$
- 61,500$ – 62,000$ (major structural support)
A failure to hold above 61,500$ would significantly deepen the bearish continuation on the higher timeframes.
Expectations
Bearish Scenario (Primary)
The dominant trend remains bearish as long as price stays below 66,800$.
If 64,500$ breaks, expect acceleration toward 63,000$, with potential extension toward the 61,500$ region.
Bullish Scenario (Alternative)
A sustained recovery above 66,800$ would be the first signal of stronger stabilization, opening the door toward:
- 67,500$
- 69,000$ – 70,000$ (key barrier that must be reclaimed to weaken the broader downtrend)
Until then, rebounds are likely to remain corrective within a bearish framework.
Outlook
Bitcoin continues to trade within a corrective rebound inside a broader downtrend. Sellers remain in control below key resistance levels, and unless price reclaims 66,800$ – 67,500$ decisively, the risk remains tilted to the downside, with a break below 64,500$ potentially triggering another leg lower.
