BTC/USD) is trading in the high-$68K area, coasting around $68,000–$69,000 after a volatile nine-day consolidation between roughly $65,700 and $72,000. Over the last leg, price bounced about 16% from the ~$60,000 low toward $70,000–$72,000, but the larger picture is still corrective. BTC is sitting inside a descending channel that started after the blow-off above $126,000 in October 2025, and remains well below the $75,000–$80,000 resistance band that previously defined the top of the trend. On higher timeframes, BTC also trades under its 50-day average near ~$85,300 and 200-day near ~$101,300, which keeps the primary bias cautious even while short-term rebounds look strong. The tape is simple: BTC defended the $60,000 demand zone, but has not yet done the work needed to flip the structure back to clean bullish.

On the daily chart, the breakdown below $75,000 accelerated straight into the $60,000 demand area, where buyers finally stepped in and stopped the slide. Price then moved back toward $70,000, which coincides with the mid-line of the descending channel and acts as the first meaningful resistance. As long as BTC trades below $75,000–$80,000, the move from $60K is technically a rebound inside a broader bearish channel, not a confirmed trend reversal. The upside roadmap is clear in levels. A decisive reclaim of $75,000 opens the door toward $78,915 and then $81,485 (0.702 retracement) as the next resistance cluster. On the downside, the $60,000 region remains the dominant structural support; losing that area on a daily close would confirm that the larger correction is not over and push risk toward the low-$50Ks. $BTC