BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under firm bearish control following a sharp impulsive selloff from the upper range. The recent rebound appears corrective in nature, with price struggling to regain lost structure after breaking multiple key support levels. Overall structure continues to favor lower highs and sustained downside pressure.
Key Resistance Zone
The primary resistance is located around $77,500 – $78,000, a former support zone now acting as supply. Repeated failures near this area highlight strong selling interest.
Additional resistance levels:
- $80,000
- $82,000 (major bearish rejection zone)
As long as BTC trades below $78,000–$80,000, upside attempts are likely to remain capped.
Key Support Zone
Immediate support lies near $76,500 – $76,800, where price is currently attempting to stabilize.
A clean break below this zone would expose deeper downside targets:
- $75,000
- $72,500 – $73,000 (major structural support)
Expectations
Bearish Scenario (Primary)
The broader bias remains bearish while price holds below $78,000. A breakdown below $76,500 would likely accelerate losses toward $75,000 and potentially lower.
Bullish Scenario (Alternative)
A sustained reclaim above $78,000 would be the first signal of short-term stabilization, opening room toward $80,000. A daily close above $82,000 would be required to meaningfully weaken the bearish structure.
Outlook
Bitcoin remains technically weak, with sellers maintaining control below key resistance zones. While short-term consolidation is possible, the overall structure favors continued downside unless price can decisively reclaim higher levels above $78,000–$80,000.
