📉 BTC Bearish Outlook – Key Levels to Watch
Market View:
Bitcoin is showing signs of weakness after rejection from a key resistance zone. Price action suggests a potential bearish continuation if support fails.
Technical Signals:
Lower highs forming → short-term downtrend
Resistance holding strong (supply zone intact)
Volume declining on upward moves (weak buying pressure)
Possible breakdown from consolidation range (square structure)
Key Levels:
Resistance: 69,000 – 70,000
Support: 64,500 → major breakdown zone
Trade Idea:
Bearish bias below resistance
Watch for breakdown + retest for confirmation
Targets: 62,000 → 60,000
⚠️ Invalidation: Strong close above resistance flips bias bullish.$BTC
BTCUSDT
Perp
76,431.9
-0.62%