BTCUSD | Rising Channel Breakdown → Retest of Key Support at 73.

BTC has broken below the ascending channel that guided price higher from the April lows. The breakdown was followed by bearish continuation, and price is now testing a major horizontal support zone around 73,500.

SMC Perspective:
✅ Rising channel liquidity has been swept.
✅ Market structure shifted bearish after the channel break.
✅ Price is currently reacting at a key demand/support area.
✅ A daily close below 73.5K could open the path toward 70K and 68K liquidity pools.

Bullish Scenario:
* Strong rejection from 73.5K support.
* Reclaim of 76K resistance.
* Targets: 78K → 80K → 84K.

Bearish Scenario:

* Daily candle closes below 73.5K.
* Retest of broken support as resistance.
* Targets: 70K → 68K → 64K.

Key Levels
🔹 Resistance: 76K, 80K, 84K
🔹 Support: 73.5K, 70K, 68K

Bias: Neutral to Bearish until the broken channel is reclaimed.

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#BTCUSD #Bitcoin #Crypto #SMC #PriceAction #Breakout #Breakdown #Liquidity #SupportAndResistance #TradingView #SSCapitals36

Signature:
Analysis by SS Capitals 36 🚀📈