Bitcoin is currently trading near $65,000, and the daily chart structure suggests increasing downside risk. After facing strong rejection in the 90K–96K resistance zone, BTC has entered a clear corrective phase.
Market Structure Breakdown
The daily timeframe shows a series of lower highs and lower lows, confirming bearish momentum. The breakdown below the key psychological level of $80,000 intensified selling pressure, pushing price into the 66K–70K demand zone.
However, the current consolidation lacks strong bullish confirmation. Volume does not reflect aggressive buying, and the bounce appears corrective rather than impulsive.
Key Technical Levels
Major Resistance:
$70,693
$73,759
$80,446
$90,317 – $96,607 (major supply zone)
Major Support:
$66,899 (current support zone)
$61,303 (next strong support)
If the 66K support breaks decisively, Bitcoin could extend its decline toward the 61K region.
What Needs to Change for Bulls?
For a bullish shift:
BTC must reclaim $70K
Hold above it with strong volume
Form higher highs on the daily timeframe
Until those conditions are met, downside pressure remains dominant.
Conclusion
The chart currently favors sellers. While short-term relief bounces are possible, the broader structure remains weak. Traders should prioritize risk management, and investors should avoid emotional decisions based on temporary rebounds.
Market structure always tells the truth — and right now, it demands caution.