BTCUSDT Sellers Defend 69,500, Downside Still in Play

Feb 17

Hello traders! Here’s my technical outlook on BTCUSDT (2H) based on the current chart structure visible on the screenshot. BTCUSDT has been trading within a broader bearish environment following a strong sell-off from the highs, where price consistently printed lower highs and lower lows. This decline eventually led into a well-defined Buyer Zone, where selling pressure weakened and buyers stepped in aggressively. From this area, BTC formed a sharp bullish reaction, marking a clear turnaround point and initiating a recovery move. After the bounce, price entered a consolidation range, reflecting a temporary balance between buyers and sellers as the market digested the impulsive rebound. This range later resolved with a breakout to the upside, confirming short-term buyer strength and a shift away from pure bearish momentum. Currently, BTCUSDT is trading below the key 69,500 Resistance / Seller Zone and remains compressed beneath the descending resistance line. This positioning suggests that the market is still in distribution rather than accumulation. While buyers have attempted to defend the 66,000–66,500 area, price has not shown strong acceptance or impulsive continuation from this zone. As long as BTC remains below resistance, rallies should be viewed as selling opportunities rather than trend reversals. I favor bearish continuation as long as BTCUSDT stays below the descending resistance line and the 69,500 Seller Zone. A rejection from current levels or from a retest of resistance could trigger the next downside leg. The primary downside target lies at the 66,000 Support / Buyer Zone (TP1), where price may seek liquidity and potentially pause or consolidate. A clean breakdown and acceptance below this support would open the door for a deeper bearish continuation toward lower demand levels. This short setup would be invalidated if BTC breaks above the descending resistance line and shows strong acceptance above the Seller Zone, which would signal a shift toward a bullish recovery. Until that happens, structure, trend behavior, and price action continue to favor sellers. Please share this idea with your friends and click Boost 🚀

Feb 18

Trade active

Bitcoin price is following our analysis logic so far. Let's see if we can get even lower to the target.

Feb 19

Trade closed: target reached

We can see that today the price of Bitcoin has reached the level set by the experts in their analysis.