Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
BTCUSD signals extended downside pressure within deteriorating technical structure. The price has broken decisively below its prior structural support near $85,000, confirming a continuation of the prevailing downtrend. Earlier attempts to retest the mitigation block between $92,000 and $94,000 were met with aggressive selling, reinforcing a strong supply zone that aligns with the descending trendline. The sequence of lower highs and lower lows suggests that institutional order flow remains heavily skewed toward distribution rather than accumulation. Additionally, the inability to sustain rebounds from recent liquidity grab zones further validates the active bearish structure, signalling trader reluctance to commit capital at higher valuations.
Looking ahead, the market structure suggests that BTCUSD may continue to unwind toward deeper discount levels as sellers maintain dominance. Should price remain below $92,000, the path of least resistance points toward the next major support region at approximately $74,420, where historical liquidity and imbalance zones converge. A decisive break beneath this threshold could invite an extended downward repricing toward the $66,780 region, especially if momentum indicators fail to recover. While short-term corrective bounces are possible, broader macro-technical alignment implies that BTCUSD is positioned for continued depreciation, with market participants likely to reassess demand only near major discount zones.
BTC Key Levels
Supply Levels: $102,110, $110,540, $124,530
Demand Levels: $85,010, $74,420, $66,780
What are the indicators saying?
The broader directional bias for BTCUSD remains firmly bearish as price continues to sustain trade below the short-term moving average, indicating persistent downside momentum. The RSI, currently hovering around 24, reflects oversold conditions without delivering any substantive bullish divergence, suggesting that bearish forces retain strategic control. This technical environment is reinforced by the broader market’s failure to reclaim the mid-range thresholds around $92,520, signaling weakened buyer commitment. Collectively, these indicators underscore a market landscape dominated by sellers, with limited evidence of a near-term reversal.
Learn from market wizards: Books to take your trading to the next level
