$BTC Approaching Key Decision Zone ($66K–$67K)
Bitcoin is gradually moving lower toward a major support area around $66,000–$67,000. While short-term momentum looks weak, the broader market structure still remains within a larger upward channel.
What Happened?
BTC recently lost the mid-range support inside its rising channel. That shift gave sellers short-term control and pushed price lower. However, this does not automatically invalidate the broader bullish structure.
In trending markets, pullbacks of 50%–65% of the prior upward leg are common before continuation. These deeper corrections often reset sentiment and allow stronger hands to accumulate.
Why $66K Matters
This zone stands out because:
• It aligns with the lower boundary of the rising channel
• A ~0.65 Fibonacci retracement of the last impulse sits nearby
• No signs of panic-volume capitulation so far
When multiple technical factors converge in one area, it creates a support cluster — increasing the probability of a reaction.
Volume Insight
The current decline appears controlled rather than emotional. There is no aggressive liquidation-style selling yet. That suggests a structured correction, not a collapse.
Controlled pullbacks often lead to relief rallies once strong support is tested.
What to Watch
If BTC reaches $66K and:
• Strong buying volume steps in
• Long lower wicks appear
• Price reclaims short-term resistance
Then a rebound toward $73K–$74K becomes a realistic upside target.
If support fails decisively, the correction could extend further.
Bottom Line
Short-term: Under pressure
Higher timeframe: Structure not broken
Bitcoin is approaching a decisive zone. The reaction here will determine whether we see a strong relief rally or continued downside rotation.
Patience is key.
