BTC/USD – Bearish Market Structure & Demand Zone Reaction 📉
Bitcoin continues to trade within a descending channel, showing persistent bearish momentum after facing rejection from higher resistance levels.
Price has now approached the major demand zone around $62,000–$67,000, where a potential reaction could develop. A short-term relief bounce may push BTC toward the $73,000–$75,000 order block, which remains an important supply area.
🔍 Key Levels to Watch:
Resistance: $87,512
Sell Zone: $73,000–$75,000
Demand Zone: $62,000–$67,000
Strong Support: $57,696
📊 Market Outlook:
A reaction from the demand zone could create a temporary bullish retracement toward the upper order block. However, the broader structure remains bearish until price confirms a meaningful structural recovery.
⚠️ A breakdown below demand could expose the strong support near $57,696.
