📉 Bitcoin Daily 📈
$BTC faced another rejection at the October close (70,321) and price is now shaping something close to a Head & Shoulders structure.
If this pattern expands, a deeper pullback becomes likely.
🎯 Key Levels Above: 70,321 / 71,085 / 72,500
Below: 68,200 / 67,000 / 65,300
BTCUSDT Perp: 68,933.3
24H: +0.1%
📊 Scenarios to watch:
🔻 Bearish path:
Failure to reclaim the October close keeps downside pressure active, with potential dips toward 68,200 → 67,000 → 65,300.
🟢 Bullish alternative:
If #Bitcoin manages to reclaim and hold above 70,321, continuation toward the 72,500–73,000 liquidity pocket becomes likely. Beyond that, direction is uncertain.
⚠️ CME Gap Context:
The chart remains messy with CME gaps on both sides.
• Nearest downside gap: 64,810 — a major reason I’m cautious on longs
• Nearest upside gap: 73,345 — leaving room for a push higher before any deeper pullback
Two valid paths.
Let price decide — patience wins here.