Let’s analyze your Bitcoin /USDT 1-Day timeframe chart step by step. 📊

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1️⃣ Market Structure

My chart shows a strong downtrend → consolidation → small bounce → rejection.

Key observations:

• Big drop from ~83k → 60k

• Now price is ranging between 63k – 71k

• Current price: ~68k

➡️ This looks like bearish consolidation after a crash.

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2️⃣ Moving Averages

• MA7 ≈ 68,794

• MA25 ≈ 67,792

• Price is between these two averages

Interpretation:

• Short-term momentum slightly bullish

• But overall trend still weak

⚠️ The MA99 at ~82k shows the macro trend is still bearish.

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3️⃣ Bollinger Bands

• Upper band: ~71,488

• Middle band: ~67,697

• Lower band: ~63,906

Price reaction:

• Rejected near upper band

• Now returning toward the middle band

➡️ That usually means sideways or slight drop before the next move.

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4️⃣ MACD

MACD histogram is turning green.

Meaning:

• Selling pressure is decreasing

• Momentum trying to reverse

But:

• It’s not a strong bullish crossover yet.

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5️⃣ Parabolic SAR

SAR dots are above price again.

➡️ Short-term bearish pressure returned.

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🔑 Key Levels I See

Support

• 66k – first support

• 63.9k – strong support (Bollinger lower band)

• 60k – major liquidity zone

Resistance

• 71.5k – major rejection level

• 75k – next resistance

• 82k – macro trend resistance

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📉 Possible Scenarios

Scenario 1 – Liquidity sweep (most likely)

Price may drop to:

➡️ 65k – 66k

Then bounce again.

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Scenario 2 – Bullish breakout

If price breaks:

➡️ 71.5k

Then target:

• 75k

• 78k

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Scenario 3 – Bear continuation

If 63.9k breaks:

➡️ Next move could be 60k again.

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📊 My Trading Logic.

Long zone:

• 65k – 66k

Short zone:

• 71k – 72k

Major stop area:

• Below 63k

Please don’t forget to DYOR before any investiment.