BTC Structure Today Breaks, Downside Pressure Looms

robot
Abstract generation in progress

The daily structure of Bitcoin’s rise has completely broken down. The price is now trapped below a weak upward formation, creating a serious downside pressure scenario. Recent data shows BTC at $63.65K with a -6.40% decline in 24 hours, indicating increasing bearish momentum.

Structural Breakdown Signals and Price Compression

Every rally is sharply rejected, forming lower highs. Momentum indicators show exhaustion on the buying side, while selling volume continues to increase at resistance levels. The price is stuck in an unhealthy bearish compression, building potential energy for a significant downward move.

Downside Targets and Critical Liquidity Levels

If support at the 62K zone is broken with strong momentum, a large downside gap will open toward the major liquidity block at 52K. This is not just a technical level—this area contains a massive accumulation of stop-loss orders, creating a cascade selling effect if triggered.

A panic wipeout scenario is already on the table with a clear path: 60K → 55K → 52K.

Trading Strategy and Risk Management

Entry Zone: 64,000 - 65,000 USDT
Stop Loss: 69,500
Target Profit 1: 60,000
Target Profit 2: 55,000
Target Profit 3: 52,000

The risk-to-reward ratio is more favorable at lower levels. Prioritize discipline with trailing stops if the position moves as planned, as extreme volatility can occur at any time in this environment.

The broken technical structure requires further bearish confirmation before full commitment—waiting for the break and entering on momentum is a safer approach in such uncertain markets.

BTC-2.94%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)