BTCUSD – Daily Technical Outlook
Market Structure
BTCUSD remains under sustained bearish pressure following a strong rejection from higher levels and a continuation of the broader downtrend visible on the higher timeframes. The structure is characterized by consistent lower highs and lower lows, reflecting persistent selling momentum.
Recent price action shows BTC attempting to stabilize near the 67,000$–68,000$ region after an extended decline. However, moving averages remain negatively aligned, reinforcing the dominant bearish structure. Any short-term rebound so far appears corrective rather than impulsive.
Key Resistance Zone
The nearest resistance is located at 69,000$ – 70,000$, an area that previously acted as intraday support before the breakdown.
Additional resistance levels:
- 72,000$
- 75,000$ (major structural resistance)
As long as Bitcoin trades below 70,000$, bearish momentum remains in control and rallies are likely to face selling pressure.
Key Support Zone
Immediate support stands around 67,000$ – 68,000$, where price is currently consolidating.
A breakdown below 67,000$ would expose lower targets:
- 65,000$
- 63,000$– 64,000$ (major demand zone)
A sustained move below 63,000$ would signal further structural weakness and potentially accelerate the downtrend.
Expectations
Bearish Scenario (Primary)
As long as BTC remains below 70,000$, the downside bias persists.
A break below 67,000$ could trigger a continuation toward 65,000$, with extension potential toward 63,000$.
Bullish Scenario (Alternative)
A recovery above 70,000$ would be the first sign of short-term stabilization, opening the door toward:
- 72,000$
- 75,000$
However, only a sustained break above 75,000$ would significantly weaken the current bearish structure.
Outlook
Bitcoin remains technically bearish, trading below key resistance levels with momentum favoring sellers. Unless price reclaims 70,000$ decisively, the risk remains skewed to the downside, with a break of 67,000$ potentially accelerating the decline toward deeper support zones.
