BTCUSD BEARISH ANALYSIS [READ CAPTION]

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Key Support Zones
Support Zone 1: 66,097
This level is acting as immediate support.
Price is currently consolidating above this area, indicating potential accumulation.
A strong hold above this level keeps short-term bullish recovery valid.
Major Support Zone: 62,262
This is the broader demand area and the origin of the strong bullish reaction.
If price revisits this zone, buyers are expected to defend aggressively.
A breakdown below 62,262 would invalidate the recovery scenario and shift bias back to bearish.
🔴 Resistance Levels
Minor Resistance: 68,026 – 68,887
This area represents short-term supply and recent consolidation highs.
A clean break above this region would confirm bullish continuation.
Target Zone: 72,583
This is the projected upside objective if momentum builds.
A successful breakout above resistance could drive price toward this level.
📈 Market Bias & Outlook
Holding above 66,097 → Short-term bullish recovery
Break above 68,887 → Momentum continuation toward 72,583
Rejection from resistance → Possible retest of support
Break below 62,262 → Bearish trend resumes
📌 Summary
The dominant trend was bearish, but the recent trendline break and strong reaction from support suggest a possible short-term structural shift. Confirmation will come from sustained price action above near-term resistance.
If buyers maintain control above key support, upside expansion toward the 72,583 target becomes increasingly probable.