Bitcoin (BTC) Market Structure – Key Levels & OutlookBitcoin / U.S. dollarBITSTAMP:BTCUSDErictaylor Bitcoin has been in a strong long-term uptrend, previously forming a large bull flag that led to a major breakout and rally past the $100K level. After topping out, price broke its uptrend support and began forming a series of lower highs and lower lows, creating what can be perceived as a bear flag, followed by a potential second continuation pattern to the downside. However, using Fibonacci retracement, Bitcoin is currently holding within the golden pocket, specifically between: •50% retracement (~$71,430) acting as resistance •61.8% retracement (~$58,500) acting as deeper support At the moment, price is stabilizing above the $65K–$66K area, showing signs that sellers are struggling to push price significantly lower from this zone. While the structure can still be interpreted as bearish continuation, the lack of strong downside follow-through suggests a potential shift or pause in momentum. Current outlook: •Bitcoin may attempt another push toward the $71,400 level, which is the key resistance to watch •If price can break and hold above $71,400, this would signal strength and open the door for continuation toward: •$78,000 •$84,000 (0.382 fib level) On the downside: •A breakdown below the $65K support would likely lead to a move toward the $58K area (0.618 fib) For now, price is holding support and showing a higher probability of attempting an upside move, but confirmation will come from how Bitcoin reacts at the $71,400 level. This is the most important level to watch in the current structure.