{"id":17956,"date":"2026-02-10T15:24:44","date_gmt":"2026-02-10T12:24:44","guid":{"rendered":"https:\/\/briskmarkets.com\/blog\/?p=17956"},"modified":"2026-02-10T15:24:50","modified_gmt":"2026-02-10T12:24:50","slug":"btcusd-analysis-btc-under-pressure-as-68700-support-holds","status":"publish","type":"post","link":"https:\/\/briskmarkets.com\/blog\/btcusd-analysis-btc-under-pressure-as-68700-support-holds\/","title":{"rendered":"BTCUSD Analysis: BTC Under Pressure as $68,700 Support Holds"},"content":{"rendered":"<h2><strong>BTCUSD | Technical Outlook<\/strong><\/h2>\n<h3><strong>Market Structure<\/strong><\/h3>\n<p>BTCUSD is still under <strong>downward pressure on the higher timeframes<\/strong>, with the daily chart showing price trading <strong>below key moving averages<\/strong>, confirming a broader bearish trend. While the sharp selloff has paused on the 4H chart, the recovery attempt has been <strong>weak and range-bound<\/strong>, suggesting a lack of strong buying interest. On the lower timeframes, price is forming <strong>lower highs<\/strong>, indicating that sellers remain in control and that recent bounces are corrective rather than trend changing.<\/p>\n<h3><strong>Key Resistance Zone<\/strong><\/h3>\n<ul>\n<li><strong>$69,200 \u2013 $69,700:<\/strong> First supply band and the nearest area where rebounds have recently stalled.<\/li>\n<li><strong>$70,100 \u2013 $71,000:<\/strong> Larger resistance zone aligned with prior intraday distribution and the descending MA structure (likely to attract sellers on retests).<\/li>\n<\/ul>\n<h3><strong>Key Support Zone<\/strong><\/h3>\n<ul>\n<li><strong>$68,300 \u2013 $68,600:<\/strong> Immediate demand pocket; a break below risks accelerating liquidation into the next base.<\/li>\n<li><strong>$66,800 \u2013 $67,300:<\/strong> Meanwhile, secondary support aligns with the broader consolidation floor after the sharp selloff, marking a key \u2018must-hold\u2019 zone to avoid renewed trend continuation to the downside.<\/li>\n<\/ul>\n<h2><strong>Expectations <\/strong><\/h2>\n<p><strong>Bullish Scenario:<\/strong><\/p>\n<p>For now, holding <strong>$68,300\u2013$68,600<\/strong> and reclaiming $69,200\u2013$69,700 on a sustained basis would improve the intraday structure, thereby opening scope for a grind higher into the <strong>$70,100\u2013$71,000<\/strong> range. However, bulls need follow-through, with clean closes above resistance, to confirm that the move represents more than a relief bounce.<\/p>\n<p><strong>Bearish Scenario:<\/strong><\/p>\n<p>Failure to regain <strong>$69,200\u2013$69,700<\/strong>, followed by a clean break below <strong>$68,300<\/strong>, would reinforce the dominant downtrend and likely trigger continuation into <strong>$66,800\u2013$67,300<\/strong>. A deeper breakdown would keep rallies corrective rather than trend-reversing.<\/p>\n<h2><strong>Outlook<\/strong><\/h2>\n<p>Bias remains <strong>cautiously bearish<\/strong>, with BTCUSD trading in a <strong>range-bound pause inside a broader downtrend<\/strong>. At this inflection area, support must hold to keep any recovery attempt alive; meanwhile, upside progress requires a decisive reclaim of $69.2k\u2013$69.7k to shift momentum back toward buyers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BTCUSD | Technical Outlook Market Structure BTCUSD is still under downward pressure on the higher timeframes, with the daily chart&#8230;<\/p>\n","protected":false},"author":3,"featured_media":17460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[159],"tags":[17],"class_list":["post-17956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technical-analysis","tag-btcusd"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BTCUSD Analysis: BTC Under Pressure as $68,700 Support Holds | Brisk Markets Blog<\/title>\n<meta name=\"description\" content=\"BTCUSD trades near $68,700 as bearish pressure persists. 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