Bitcoin’s structure has weakened over the past few weeks. The decline that began on October 20 is gaining momentum, with price compressing against local support and starting to break below it. Repeated pressure on this zone keeps the near-term outlook bearish.
The first downside level to watch is $75,500, roughly 5% below current levels. This support could trigger a temporary relief bounce. If selling pressure continues, the next significant area is the 4H support zone around $70,000, approximately 12% lower.
For now, the macro backdrop and technical structure favor further downside.
Invalidation: BTC needs to reverse the downtrend in place since October 20, reclaim $82,000, and establish support above it. Until that happens, the base case remains a move toward $75,500, with $70,000 as the deeper support area.
The first downside level to watch is $75,500, roughly 5% below current levels. This support could trigger a temporary relief bounce. If selling pressure continues, the next significant area is the 4H support zone around $70,000, approximately 12% lower.
For now, the macro backdrop and technical structure favor further downside.
Invalidation: BTC needs to reverse the downtrend in place since October 20, reclaim $82,000, and establish support above it. Until that happens, the base case remains a move toward $75,500, with $70,000 as the deeper support area.
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.