BTC is currently compressing between a rising trendline support and a descending resistance, forming a short-term symmetrical squeeze.
The $65.5K–$66K demand zone is acting as key support, while $68.5K–$69K is the immediate resistance. A breakdown below the trendline could grab downside liquidity from the demand zone before a potential bounce.
As long as price holds above $65.5K, a breakout above the descending trendline can open a move towards the $70K–$71.4K supply zone. Momentum confirmation is needed for the next directional move. $BTC