BTCUSD | Daily Technical Outlook
Market Structure
BTCUSD remains under broader bearish pressure despite the recent short-term recovery attempts. After the sharp selloff that drove price toward the $63,000–$65,000 region, BTC managed to stabilize and rebound modestly.
However, the higher timeframes still reflect a corrective structure within a dominant downtrend, with price consolidating below major breakdown levels. The current movement appears to be a relief bounce rather than a confirmed trend reversal.
Key Resistance Zone
Immediate resistance stands at $69,000 – $70,000, where price is currently testing supply and previous breakdown structure.
Additional resistance levels:
- $71,500
- $73,000 – $75,000 (major bearish supply zone)
As long as BTC remains below $70,000–$71,500, upside momentum remains limited and vulnerable to renewed selling pressure.
Key Support Zone
Immediate support is located at $67,000 – $66,500, acting as short-term intraday structure support.
A breakdown below this zone would expose:
- $65,000
- $63,000 – $62,000 (major structural support)
A decisive break below $62,000 would likely resume the broader bearish continuation phase.
Expectations
Bearish Scenario (Primary)
Failure to break and hold above $70,000 may trigger renewed downside pressure.
A move below $66,500 would increase the probability of a retest of $65,000 and potentially $62,000.
Bullish Scenario (Alternative)
A sustained breakout above $71,500 would signal strengthening recovery momentum, opening the door toward:
- $73,000
- $75,000
Reclaiming $75,000 would be required to significantly weaken the current bearish structure.
Outlook
BTCUSD is attempting to stabilize after a strong decline, but the broader structure remains fragile. Price must reclaim higher resistance zones to confirm a meaningful trend shift. Until then, rallies are likely to face selling pressure, with downside risks still dominant below $70,000.
