$BTC Bears Remain in Control: $72.4K and $71.9K Are the Next Key Downside Targets
Bitcoin is struggling to regain bullish momentum after a 1.4% decline over the past 24 hours. The 1H chart continues to show a clear bearish structure, with lower highs and lower lows keeping sellers firmly in control.
Market Structure & Momentum
BTC is trading below both EMA20 and EMA200, confirming continued downside pressure. Price recently swept liquidity below $72,691 and entered a demand zone, but strong bullish absorption has yet to appear. Without an aggressive recovery, further downside remains the higher-probability scenario.
Key Short Entry Zone
The $73,357–$73,450 region is my preferred area to watch for potential short opportunities. This zone aligns with previous support turned resistance and the Fair Value Gap around $73,303–$73,418.
I want to see bearish rejection, an engulfing candle, or a lower-timeframe market structure breakdown before considering an entry.
Downside Targets
TP1: $72,691 – Recent liquidity low.
TP2: $72,471 – Next support level.
TP3: $71,980 – Deeper demand zone.
Taking partial profits along the way is important, especially during volatile market conditions.
When Could BTC Turn Bullish?
Bulls need to reclaim $73,450 first, followed by $74,318. The critical structural invalidation level is $74,771.40. A confirmed 1H candle close above this level would invalidate my bearish thesis and potentially signal a bullish structure shift.
Derivatives & Whale Activity
Open Interest: $7.31B (-1.9% in 24H)
Funding Rate: +0.0059%
Taker Buy/Sell Ratio: 0.73x
Whale Flow (1M): $2.1M Buy
The declining OI and 0.73x taker ratio suggest weakening participation and stronger aggressive selling pressure. The reported whale buy is worth monitoring, but it is not enough to confirm accumulation or a reversal.
BTC remains bearish below $74,771.40. I prefer waiting for a confirmed rejection before entering shorts rather than chasing the current move.
Not investment advice.
#Bitcoin #BTC #CryptoTrading
Bitcoin is struggling to regain bullish momentum after a 1.4% decline over the past 24 hours. The 1H chart continues to show a clear bearish structure, with lower highs and lower lows keeping sellers firmly in control.
Market Structure & Momentum
BTC is trading below both EMA20 and EMA200, confirming continued downside pressure. Price recently swept liquidity below $72,691 and entered a demand zone, but strong bullish absorption has yet to appear. Without an aggressive recovery, further downside remains the higher-probability scenario.
Key Short Entry Zone
The $73,357–$73,450 region is my preferred area to watch for potential short opportunities. This zone aligns with previous support turned resistance and the Fair Value Gap around $73,303–$73,418.
I want to see bearish rejection, an engulfing candle, or a lower-timeframe market structure breakdown before considering an entry.
Downside Targets
TP1: $72,691 – Recent liquidity low.
TP2: $72,471 – Next support level.
TP3: $71,980 – Deeper demand zone.
Taking partial profits along the way is important, especially during volatile market conditions.
When Could BTC Turn Bullish?
Bulls need to reclaim $73,450 first, followed by $74,318. The critical structural invalidation level is $74,771.40. A confirmed 1H candle close above this level would invalidate my bearish thesis and potentially signal a bullish structure shift.
Derivatives & Whale Activity
Open Interest: $7.31B (-1.9% in 24H)
Funding Rate: +0.0059%
Taker Buy/Sell Ratio: 0.73x
Whale Flow (1M): $2.1M Buy
The declining OI and 0.73x taker ratio suggest weakening participation and stronger aggressive selling pressure. The reported whale buy is worth monitoring, but it is not enough to confirm accumulation or a reversal.
BTC remains bearish below $74,771.40. I prefer waiting for a confirmed rejection before entering shorts rather than chasing the current move.
Not investment advice.
#Bitcoin #BTC #CryptoTrading