Bitcoin is currently trading inside a tight consolidation range, showing clear signs of distribution after rejection from higher levels.
After failing to sustain above the $72,000 resistance zone, price has formed multiple lower highs, indicating that buyers are losing control while sellers are gradually stepping in.
1. Market Structure
Strong resistance: $71,500 – $72,200
Current range: $65,100 – $72,200
Price sitting near range support (~$66,700)
Structure: Compression + Lower Highs = Bearish Bias
This type of structure usually leads to a sharp expansion move, especially when liquidity builds up below equal lows.
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Trading Setup - The idea is simple — wait for confirmation, then attack.
🔻 Short Scenario (Primary Plan)
A breakdown below $65,100 will confirm that support has failed.
Entry: Breakdown + retest of $65K zone
Stop Loss: Above $68K
Targets:
$61,500
$57,000
$48,200 (major support)
Once price breaks this level, there is very little support below, which can lead to a fast and aggressive move down.
After failing to sustain above the $72,000 resistance zone, price has formed multiple lower highs, indicating that buyers are losing control while sellers are gradually stepping in.
1. Market Structure
Strong resistance: $71,500 – $72,200
Current range: $65,100 – $72,200
Price sitting near range support (~$66,700)
Structure: Compression + Lower Highs = Bearish Bias
This type of structure usually leads to a sharp expansion move, especially when liquidity builds up below equal lows.
------------------------------------------------------------------------------------------------
Trading Setup - The idea is simple — wait for confirmation, then attack.
🔻 Short Scenario (Primary Plan)
A breakdown below $65,100 will confirm that support has failed.
Entry: Breakdown + retest of $65K zone
Stop Loss: Above $68K
Targets:
$61,500
$57,000
$48,200 (major support)
Once price breaks this level, there is very little support below, which can lead to a fast and aggressive move down.
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.