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BTCUSD signals downside pressure with technical weakness unfolding gradually. From a structural standpoint, price recently tested the $117,990 order block and failed to sustain bullish continuation, reinforcing resistance at this critical supply zone. The market has also respected the short-term swing low near $109,320, but repeated failures to break above $112,560 further validate the weakening sentiment. Liquidity remains clustered below this level, leaving the $108,390 support zone vulnerable if sellers maintain control. The inability of buyers to defend the 9-day SMA reflects limited demand strength, setting the stage for sellers to dictate price movements in the coming sessions.
Looking ahead, the market is poised to extend its decline, with the next significant target around $95,980, which coincides with an earlier demand zone. Should bearish momentum accelerate, a deeper retracement toward $85,010 cannot be ruled out. Conversely, any temporary rebounds toward $117,990 are likely to be corrective in nature and may provide opportunities for fresh selling pressure. As long as price action remains capped below the $112,560 threshold, the prevailing outlook favors downside continuation. This structure underscores a bearish medium-term projection with lower valuations on the horizon.
BTC Key Levels
Supply Levels: $118,000, $124,530, $130,000
Demand Levels: $108,390, $95,980, $85,010
What are the indicators saying?
The BTCUSD market is currently navigating a corrective phase, as reflected in its alignment with key technical indicators. The daily chart shows price action trading below the 9-day SMA (Simple Moving Average), which is now positioned around $112,560, confirming that short-term momentum has tilted in favor of sellers. The MACD (Moving Average Convergence Divergence) lines remain entrenched in negative territory, with the histogram expanding downward, suggesting bearish momentum is strengthening.
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