Bitcoin (BTC/USD) is currently reacting from a strong support zone around 68,000 after a sharp rejection from the 75,000–75,500 resistance area. The market structure shows a clear lower high formation, indicating short-term bearish pressure.
Price has tapped into a 4H Fair Value Gap (FVG) between 68,900–69,400, which could act as a magnet for a potential retracement. Additionally, the daily trendline is still intact, providing confluence for a possible bounce from this region.
If buyers step in, Bitcoin may push higher towards the 70,500–71,000 area and potentially continue towards the strong resistance zone again. However, if the support level breaks convincingly, we could see further downside towards 66,000 or even lower.
Key levels to watch:
Support: 68,000 – 67,500
Resistance: 70,500 – 75,500
Overall, the market is at a critical decision zone where confirmation is key before taking any trades.
Price has tapped into a 4H Fair Value Gap (FVG) between 68,900–69,400, which could act as a magnet for a potential retracement. Additionally, the daily trendline is still intact, providing confluence for a possible bounce from this region.
If buyers step in, Bitcoin may push higher towards the 70,500–71,000 area and potentially continue towards the strong resistance zone again. However, if the support level breaks convincingly, we could see further downside towards 66,000 or even lower.
Key levels to watch:
Support: 68,000 – 67,500
Resistance: 70,500 – 75,500
Overall, the market is at a critical decision zone where confirmation is key before taking any trades.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Luna Digital 📈
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Trader & Market Analyst
This analysis is for educational purposes only, not financial advice.
Trade responsibly.
Join telegram for more updates t.me/+9nUhVZiXl9M1OWZk
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.