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.
Hereâs how I see it đ
đč Price is sitting on trendline support + minor demand zone
đč Downside liquidity is resting around 66.5K
đč Major resistance / supply zone stands at 70.5K â 71.2K
### Current Structure
âą Ascending trendline support under pressure
âą Lower high formation (short-term bearish pressure building)
âą Tight price compression â breakout move loading
The market is coiling. Big move incoming.
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## đ Bullish Case
If BTC holds the trendline and reclaims 68.2K with strength, Iâm expecting a bounce.
Targets:
âĄïž 69.5K
âĄïž 70.8K
âĄïž 71.5K
Momentum confirmation is key.
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## đ Bearish Case
If BTC breaks and closes below the 67K trendline, expect a liquidity sweep below.
Targets:
âĄïž 66.4K
âĄïž 65.5K
âĄïž 64.8K
Clean breakdown = fast downside move.
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â ïž My approach: No early entries. Fake breakout or fake breakdown is highly possible here. Iâll wait for confirmation before positionin
g.
#CPIWatch #USJobsData #PEPEBrokeThroughDowntrendLine #OpenClawFounderJoinsOpenAI
Trendline reaction will decide everything.