$BTC Bitcoin is testing a critical multi-month support zone around $72,700. Negative CVD, declining futures activity, and five consecutive days of spot ETF outflows keep the market defensive. However, this support remains important ahead of Friday's $2.8B BTC/ETH options expiry. Traders should watch for a confirmed reaction rather than anticipate a reversal.
đ Bias: Bearish / Defensive Range | đŻ Entry: $72,500â$72,800 (bounce) or breakdown retest below $72,700 | đĄ Support: $72,700 / $70,000 | đ§ Resistance: $74,019 / $75,500 | đŻ Targets: $73,650 / $74,100 / $75,000 | â Invalidation: $71,850 (long setup).
Strategy: Consider a long only after confirmation of a support bounce. Alternatively, monitor a confirmed breakdown and retest below $72,700.
#Bitcoin #BTC #BinanceTrading #CryptoAnalysis #BitcoinPrice
đ Bias: Bearish / Defensive Range | đŻ Entry: $72,500â$72,800 (bounce) or breakdown retest below $72,700 | đĄ Support: $72,700 / $70,000 | đ§ Resistance: $74,019 / $75,500 | đŻ Targets: $73,650 / $74,100 / $75,000 | â Invalidation: $71,850 (long setup).
Strategy: Consider a long only after confirmation of a support bounce. Alternatively, monitor a confirmed breakdown and retest below $72,700.
#Bitcoin #BTC #BinanceTrading #CryptoAnalysis #BitcoinPrice
