BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under sustained bearish pressure across the higher timeframes, with price action continuing to print lower highs and lower lows. The broader structure shows a clear downtrend, with moving averages aligned bearishly and acting as dynamic resistance.
After failing to stabilize above the $70,000 region, BTCUSD resumed its decline, breaking back below short-term consolidation zones and sliding toward the $66,000–$67,000 area. The recent rejection confirms that sellers remain in control, while upside attempts continue to fade beneath key resistance levels.
Key Resistance Zone
The nearest resistance is now located at $67,800 – $68,500, a zone formed by the latest breakdown and short-term moving average confluence.
Additional resistance levels:
- $69,500
- $70,000 – $71,000 (major bearish rejection zone)
As long as Bitcoin trades below $68,500, downside pressure remains dominant.
Key Support Zone
Immediate support is seen at $66,000 – $66,500, where price is currently attempting to stabilize.
A breakdown below $66,000 would expose lower downside targets:
- $64,800
- $63,500 – $64,000 (major structural support zone)
A sustained move below $63,500 would reinforce the broader bearish continuation structure.
Expectations
Bearish Scenario (Primary)
Momentum favors further downside while price remains below $68,500.
A confirmed break under $66,000 could accelerate the decline toward $64,800 and potentially $63,500.
Bullish Scenario (Alternative)
A recovery above $68,500 would signal short-term stabilization, opening the door toward:
- $69,500
- $70,000 – $71,000
However, the broader trend would remain bearish unless BTC reclaims levels above $71,000.
Outlook
Bitcoin remains structurally weak on the higher timeframes, with sellers maintaining control below key resistance. Unless price reclaims the $68,500–$70,000 region, rallies are likely to be corrective in nature, while a break below $66,000 could trigger another wave of downside momentum toward deeper support zones.
