BTCUSD 30mBitcoin is currently trading around the $68K region, a level the market has been consolidating around recently while struggling to reclaim higher resistance zones near $69K–$70K.
Market Structure
Price is still moving inside a short-term ascending structure, respecting the rising trendline.
However, BTC just tapped a major horizontal resistance around $68.7K–$68.8K where previous highs were formed.
This area looks like a liquidity sweep above prior highs, followed by early signs of rejection.
Momentum is slowing near resistance, which often leads to a pullback before continuation.
Key Levels
Resistance
68,700 – 68,900 (major supply / equal highs)
Mid Liquidity (FVG)
67,300 – 67,600
Demand Zone
66,200 – 66,500
Bearish Scenario (Primary Setup)
If BTC loses the ascending trendline:
Price likely fills the FVG around 67.4K
Continued weakness could push price toward the demand zone near 66.3K
That area could provide the next higher low for continuation.
This would be a typical liquidity grab → retracement → continuation structure.
Bullish Scenario
If BTC breaks and holds above resistance:
Break above 68.8K – 69K
Market could move into the next liquidity cluster toward ~70K+
A strong breakout above $69K could trigger liquidations and accelerate the move upward
What I’m Watching
Trendline break on the 30m timeframe
Reaction at the FVG zone
Whether buyers defend the demand area
If demand holds, BTC may continue the broader bullish structure.
Not financial advice — just sharing my chart idea.
