Overall picture (4H BTCUSDT)

📊 Overall picture (4H BTCUSDT)
The market was in an uptrend (ascending channel) — marked with black lines.
We are currently experiencing a downward breakout from this structure.
The price has lost trend and returned below the average (red line) → bearish signal.

👉 This is no longer a pure uptrend — we are in a correction phase / possible short-term reversal.

🔴 Key levels
Support:
68,000 – 68,200 → currently tested / broken
67,200 – 67,300 → local support
66,000 → strong support (if it falls here → larger correction)
Resistance:
69,900 – 70,000
71,000
72,150 (top range)
⚠️ What just happened?

Rejection from ~72k
Lower high → LH (lower high)
Strong downward impulse
Trendline + SMA breakout

👉 This is a classic bearish structure shift (short-term)

📉 Indicators
Stoch RSI:
Down → Downward momentum continues
No clear rebound yet
RSI:
Drops below 50 → Sellers prevail
No divergence → Declines may deepen
🔎 Scenarios
🟥 Bearish (more likely now)

If we stay below 68k:

Target: 67.2k
Then: 66k

👉 If 66k breaks → a larger correction may follow (even 63–64k)

🟩 Bullish (conditional)

If BTC:

will return above 69.5–70k
will regain the trendline

👉 then:

return to 71k
possible retest of 72k