Price is still respecting the descending trendline and printing lower highs — market remains under pressure.
Current structure:
• Resistance: 68k – 70k
• Trendline resistance: ~72k
• Support: 65k → 63.5k
Bias: Bearish / Neutral
As long as BTC stays below the trendline, we can expect more downside or choppy consolidation.
Scenarios to watch:
1️⃣ Rejection from 68–70k → move toward 65k / 63.5k
2️⃣ Liquidity sweep below 65k before reversal
3️⃣ Break + close above 70–72k → bullish continuation
No breakout = no longs.
Stay patient and let the market confirm. ⚡
Current structure:
• Resistance: 68k – 70k
• Trendline resistance: ~72k
• Support: 65k → 63.5k
Bias: Bearish / Neutral
As long as BTC stays below the trendline, we can expect more downside or choppy consolidation.
Scenarios to watch:
1️⃣ Rejection from 68–70k → move toward 65k / 63.5k
2️⃣ Liquidity sweep below 65k before reversal
3️⃣ Break + close above 70–72k → bullish continuation
No breakout = no longs.
Stay patient and let the market confirm. ⚡
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.