$BTC is gradually sliding toward a key demand zone around 66K–67K. This area could act as a short-term base before the market attempts a strong rebound. While lower timeframes look weak, the higher timeframe structure still shows price trading within a broader bullish channel.
Recently, $BTC lost its mid-channel support, giving sellers short-term control and pushing price lower. However, this doesn’t mean the overall uptrend is invalidated. In strong trends, pullbacks of 50–65% of the previous impulse are common — they reset momentum and bring fresh liquidity into the market.
Now the focus shifts to the lower boundary of the rising channel, which aligns with a deeper Fibonacci retracement zone. When multiple technical confluences meet in the same region, the probability of a reaction increases. That creates a strong support cluster where buyers may step in.
Volume during this drop hasn’t shown panic behavior. The decline appears controlled rather than emotional, suggesting this is a structured correction — not a collapse. Controlled pullbacks often lead to relief rallies once support is tested properly.
At the moment, BTC is trading in a mid-range area between resistance above and support below — typically a slow, choppy zone. Price may continue drifting sideways or slightly lower until it taps stronger demand.
If BTC reacts from 66K with strong buying pressure and clear bullish candles, that could confirm a local bottom. In that scenario, the next upside objective sits around 73K–74K.
Short-term pressure is present, but the bigger structure isn’t broken yet. The reaction at support will determine the next major move.
Patience here is key — the market is approaching a decisive zone.
