Right now, **Bitcoin** is reacting perfectly at the ascending trendline support near the 67K area. Price is still respecting the structure, but short-term momentum is clearly weakening with consistent lower highs forming.
Here’s how I see it 👇
🔹 Price is sitting on trendline support + minor demand zone
🔹 Downside liquidity is resting around 66.5K
🔹 Major resistance / supply zone stands at 70.5K – 71.2K
### Current Structure
• Ascending trendline support under pressure
• Lower high formation (short-term bearish pressure building)
• Tight price compression → breakout move loading
The market is coiling. Big move incoming.
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## 📈 Bullish Case
If BTC holds the trendline and reclaims 68.2K with strength, I’m expecting a bounce.
Targets:
➡️ 69.5K
➡️ 70.8K
➡️ 71.5K
Momentum confirmation is key.
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## 📉 Bearish Case
If BTC breaks and closes below the 67K trendline, expect a liquidity sweep below.
Targets:
➡️ 66.4K
➡️ 65.5K
➡️ 64.8K
Clean breakdown = fast downside move.
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⚠️ My approach: No early entries. Fake breakout or fake breakdown is highly possible here. I’ll wait for confirmation before positionin
g.
#CPIWatch #USJobsData #PEPEBrokeThroughDowntrendLine #OpenClawFounderJoinsOpenAI
Trendline reaction will decide everything.