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BTC/USD Technical Analysis: Navigating Key Liquidity Zones


 

The current Bitcoin (BTC/USD) daily chart reveals a significant shift in market structure as price approaches a critical demand area. After hitting historical peaks, the market is now testing the resilience of lower support levels.

Key Technical Observations

  • Supply Constraints: Strong overhead resistance is visible in the $105,000 and $120,000 regions, marked by purple supply zones where sellers previously dominated the market.

  • Current Price Action: As of the latest data, BTC is trading at $76,448.81, showing immediate downward pressure toward the next psychological support.

  • Liquidity Pools ($$$): The chart highlights specific price levels (near $80,000 and $90,000) marked with "$$$" symbols. These represent "Sell-Side Liquidity," suggesting that the market may hunt these stops before establishing a new trend.

  • Critical Support: A major support floor is identified around $74,461.56. This level is crucial for bulls to maintain the long-term upward trajectory.

Market Outlook

The short-term trend appears bearish as the price seeks a solid floor. If the support at $74,461 holds, we could see a consolidated recovery toward the $85,000 mark. However, a break below this zone might lead to a deeper correction to fill the lower liquidity gaps.

Trading Tip: Keep a close eye on the daily candle close. A rejection at the current support could signal a "fake-out," providing a high-probability entry for long-term holders.

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