Bitcoin / Tether (BTCUSDT) pair on the 4-hour chart is currently testing a major resistance zone around 73,700–74,500, which supports a potential sell bias. This area previously caused a strong rejection, meaning sellers were active there before. When price revisits such a level, it often acts as a supply zone, where large traders may place sell orders again.
Although BTC recently moved upward from around 67,000, forming higher highs and higher lows (a short-term bullish structure), the market is now approaching a key higher-timeframe resistance. When price reaches such zones, bullish momentum can weaken and a reversal becomes possible.
Another important factor is liquidity above the previous high near 74,000. Markets often move slightly above previous highs to trigger breakout buyers and stop losses from sellers. After collecting this liquidity, price can reverse sharply downward. This behavior is known as a liquidity sweep or stop hunt.
If the resistance holds, potential downside targets could be around 72,800 (first support), 71,000 (structure support), and possibly 67,800 (major support).
However, confirmation is important. Traders should watch for bearish signals, such as a rejection candle or bearish engulfing pattern, before entering a sell position to reduce the risk of a false breakout.#MetaPlansLayoffs #BTCReclaims70k $BTC
