Based on the current market structure, BTCUSD remains under bearish pressure after failing to sustain the upper distribution area and forming a breakdown from the previous rectangle/range pattern.
The break of structure around the support area indicates that sellers are starting to take control of the market, while the current retracement still has the potential to be only a pullback before the next bearish continuation move develops.
The 79.061–79.777 area is the nearest priority supply zone to watch. As long as price remains below this zone, the overall market bias remains bearish. If a deeper retracement occurs, the 80.385–80.756 supply zone becomes the next mitigation area and premium zone where sellers may re-enter the market.
Main scenarios:
Structurally, the current movement still reflects a bearish continuation scenario following a completed distribution phase and liquidity sweep at the upper range.
Invalidation:
This bearish scenario becomes invalid if price manages to break out and close solidly above the 80.385–80.756 supply zone with strong acceptance above the resistance area. If that happens, the market structure could shift back into a bullish continuation scenario.
The break of structure around the support area indicates that sellers are starting to take control of the market, while the current retracement still has the potential to be only a pullback before the next bearish continuation move develops.
The 79.061–79.777 area is the nearest priority supply zone to watch. As long as price remains below this zone, the overall market bias remains bearish. If a deeper retracement occurs, the 80.385–80.756 supply zone becomes the next mitigation area and premium zone where sellers may re-enter the market.
Main scenarios:
- Potential pullback toward 79.061–79.777 for imbalance mitigation.
- If bullish momentum increases, price may perform a liquidity sweep into 80.385–80.756 before another rejection occurs.
- As long as the market fails to reclaim structure above the main supply zone, bearish continuation remains possible toward the 75.552–74.942 target area.
- If bearish pressure continues to dominate, the next downside expansion could extend toward the major support area around 73.555.
Structurally, the current movement still reflects a bearish continuation scenario following a completed distribution phase and liquidity sweep at the upper range.
Invalidation:
This bearish scenario becomes invalid if price manages to break out and close solidly above the 80.385–80.756 supply zone with strong acceptance above the resistance area. If that happens, the market structure could shift back into a bullish continuation scenario.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.