BTCUSDT Bearish Structure Holds - Short From Resistance

Feb 3

Hello traders! Here’s my technical outlook on BTCUSDT (2H) based on the current chart structure. Bitcoin initially traded within a clearly defined range, where price moved sideways for an extended period, indicating market equilibrium and accumulation before the next directional move. This ranging phase eventually resolved to the upside, leading to a strong impulsive rally and a short-term bullish continuation. However, after reaching the local top, price turned around and transitioned into a well-structured descending channel, confirming a shift in short-term market control from buyers to sellers. Following the breakdown, Bitcoin dropped sharply into the Seller Zone, where price briefly reacted before continuing lower. The sell-off eventually extended into the major Buyer Zone around 75,700, which aligns with a key horizontal support area and prior demand. Price briefly pierced this level, forming a fake breakout, but quickly recovered back above support — a strong indication that sellers failed to gain acceptance below demand. Currently, BTC is stabilizing above the Buyer Zone and attempting a short-term recovery. This price behavior suggests a corrective rebound rather than a confirmed trend reversal at this stage. Structurally, as long as price holds above the Buyer Zone, a recovery move toward the 78,700–79,400 Resistance / Seller Zone (TP1) remains possible. This area also aligns with a descending resistance line, making it a key level to watch for potential rejection. Rejection from the Resistance / Seller Zone favors continuation to the downside. A move back toward the 75,700 support is the first target, followed by potential extension toward lower demand levels if selling pressure accelerates. Acceptance below the Buyer Zone would confirm bearish continuation and open the door for deeper downside. The bearish scenario remains valid as long as price stays below resistance and fails to reclaim the broken structure. Only a strong breakout and acceptance above the Seller Zone would invalidate the short setup. Until then, BTC remains in a corrective bounce within a broader bearish structure. Please share this idea with your friends and click Boost 🚀

Feb 4

Trade closed: target reached

Bitcoin showed that our analysis was valid and worked out great. As we expected, Bitcoin went to retest the support line, sellers are putting pressure.