📊 #BTC Daily Chart – Compression phase before a big move
Looking at the current structure, BTC is still in a mid-term downtrend, with price holding below the EMA200 and consistently forming lower highs. After the sharp drop, instead of a strong recovery, the market has shifted into a tight consolidation range (65k – 72k), shaping a classic bear flag — typically a continuation pattern.
From a technical perspective, indicators are leaning bearish. RSI sits around 43, showing weak buying pressure with room to move lower. MACD is turning down again, while Bollinger Bands are squeezing — a clear sign that volatility expansion is coming soon.
Right now, the 67k level is a key support being tested multiple times. A confirmed breakdown below this level could trigger a move toward 65k → 63k → 60k. On the flip side, if price holds and bounces, the 70k – 72k zone acts as immediate resistance. However, any upside move into this area is likely just a relief rally unless BTC can break and hold above 74k–76k.
👉 Summary:
BTC is consolidating within a downtrend. The market is “coiling” for a larger move, with the current bias still leaning bearish. Patience and reaction to key levels matter more than chasing price here.
What’s your bias right now — bullish or bearish? 👇
$BTC
