Alright, let’s break down $BTC /USDT based on what you shared 👇
(Current price around 65,833 USDT, sharp pullback from the highs)
📉 Market Overview
24h Change: −6.97% (strong correction)
24h High: 71,978
Current Zone: 65K area
Trend Context: Short-term bearish correction inside a larger bullish structure
BTC got rejected hard near 72K, triggering profit-taking and liquidation pressure. Volume spike confirms this wasn’t a small dip.
🔍 Technical Structure
Trend
15m / 1h: Bearish (lower highs, lower lows)
4h: Corrective phase
1D: Still bullish unless 60K breaks decisively
🧱 Key Levels to Watch
Support Zones
65,500 – 65,000 → Immediate support (currently testing)
63,800 – 62,500 → Strong demand zone
60,000 – 59,000 → Major psychological & daily support (very important)
Resistance Zones
67,500 – 68,200 → First recovery barrier
71,000 – 72,000 → Major rejection zone
76,000+ → Only if momentum fully flips bullish again
📊 Indicators (General Read)
RSI (short TFs): Near oversold → bounce possible
Volume: Heavy sell volume → confirms correction, not fake
Structure: Needs consolidation before next leg
🧠 Possible Scenarios
🔹 Bullish Relief Bounce
Hold above 65K
Reclaim 67.5K
Target: 69K → 71K
🔻 Bearish Continuation
Lose 65K
Fast move toward 62K
Worst-case test: 60K
🎯 Trading Insight
Scalpers: Wait for confirmation on 15m (don’t catch falling knives)
Swing traders: 60K–62K is a high-probability accumulation zone
Invalidation: Daily close below 59K weakens bullish bias
If you want, I can:
Do entry/SL/TP setups
Analyze BTC dominance
Or compare BTC vs altcoins rotation 📊🔥
Just tell me 👀