BTC/USD – Bearish Trend & Potential Bullish Recovery 📉📈
Bitcoin continues to trade within a descending channel, maintaining a bearish overall structure. Price is currently consolidating around 75,796, showing indecision after the recent strong selling pressure.
🔹 Key Support: 74,895 – Daily support zone where buyers may step in.
🔹 Consolidation Zone: 75,200–76,400 – Price is ranging within this area, and a breakout could determine the next short-term move.
🔹 Resistance: 81,907 – Major resistance level that needs to be reclaimed to strengthen the bullish outlook.
🔹 Order Block: 80,200–81,000 – Potential supply zone where selling pressure could emerge.
📊 Market Outlook:
My focus is on a possible liquidity sweep below the consolidation range toward the daily support around 74,895. If buyers defend this level and bullish confirmation appears, BTC could recover toward 78,000–78,500.
However, a confirmed breakdown below daily support would weaken the recovery scenario and could open the door to further downside.
🎯 Key Levels to Watch:
Support: 74,895
Near Resistance: 76,400
Upside Target: 78,000–78,500
Major Resistance: 81,907
⚠️ Confirmation is key. I’ll be watching the reaction around daily support and the consolidation breakout before considering the next directional move.
