BTCUSD Daily – Bearish Breakdown & Sell-the-Retests Setup
Here’s what the chart is saying, clean and to the point:
Market Structure
Clear distribution → breakdown sequence on the daily.
Price topped near the mid-90Ks, rolled over, and lost the 83–84K demand zone (former support marked in blue).
That loss flipped market structure firmly bearish.
Key Levels
Major breakdown level: ~83–84K (prior demand → resistance)
Supply / entry zone: ~72–74K (blue zone labeled “entry”)
Current support: ~67.4K (thin blue line)
Primary target: ~60–62K (grey demand zone)
Price Action Logic
The vertical sell-off into ~67K suggests impulsive bearish strength, not exhaustion.
The projected path shows a dead-cat bounce / consolidation into ~72–74K.
That zone aligns with:
Prior consolidation
Bearish retest logic
Likely supply from trapped longs
Trade Thesis (as illustrated)
Bias: Short
Entry idea: Sell a rejection in the 72–74K zone
Invalidation: Strong daily close back above ~75K
Target: 60–62K demand (first meaningful higher-timeframe support)
Big Picture
Unless BTC reclaims the 80K+ region quickly, this chart favors continuation lower, not a V-shaped recovery. The structure says rallies are for selling, not buying.
