BTCUSDT – Daily Chart Update
Current Structure Price: ~$67.3K
Trading just above major support (~$60K–$62K zone)
Still inside a larger descending channel
Short-term forming a tight consolidation range
Market is compressing after a sharp drop — decision phase
Breakdown from previous range → strong sell-off
Now forming a bear flag / weak recovery structure
Lower highs still intact → trend remains bearish
Bearish Continuation (more likely currently)
Rejection from the $70K area
Break below $60K
Targets:
$55K
Possibly lower if momentum builds
Bullish Reversal (needs confirmation)
Break & hold above $72K
Invalidate the lower high structure
Then move toward:
$78K → $80K
👉 Still bearish until $72K is reclaimed
Current Structure Price: ~$67.3K
Trading just above major support (~$60K–$62K zone)
Still inside a larger descending channel
Short-term forming a tight consolidation range
Market is compressing after a sharp drop — decision phase
Breakdown from previous range → strong sell-off
Now forming a bear flag / weak recovery structure
Lower highs still intact → trend remains bearish
Bearish Continuation (more likely currently)
Rejection from the $70K area
Break below $60K
Targets:
$55K
Possibly lower if momentum builds
Bullish Reversal (needs confirmation)
Break & hold above $72K
Invalidate the lower high structure
Then move toward:
$78K → $80K
👉 Still bearish until $72K is reclaimed
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