BTC/USD – 1D Technical Analysis (Binance)

Wait 5 sec.

BTC/USD – 1D Technical Analysis (Binance)Bitcoin / USDBINANCE:BTCUSDIbrahimTarekBitcoin remains in a primary downtrend, with a clear structure of lower highs and lower lows. After a strong bearish leg, price is currently forming a corrective upward movement toward a key resistance zone. 🔴 Key Resistance Zone: 93,560 – 93,640 This zone represents a major supply area and previous structure resistance. Expected reaction: Strong rejection / bearish continuation Confluence: Previous breakdown level + liquidity pool 👉 Sell scenario: If price reaches this zone and shows rejection (wick / bearish engulfing), it offers a high-probability short opportunity. 🎯 Targets: First target: Return to mid-range (~75,900) Main target: New lower low below recent structure Extended move: Continuation toward deeper liquidity zones 🟢 Current Zone (75,900 – 74,700): Price is currently reacting around this minor resistance / flip zone. Break above → continuation toward 93K Rejection → short-term pullback before continuation 🛑 Stop Loss: 64,870 This level invalidates the bullish retracement structure. Breakdown below = trend continuation bearish without reaching higher resistance 📊 Market Structure Summary: Trend: Bearish (macro) Current move: Bullish correction Strategy: Sell the rally, not buy the breakout ⚠️ Key Insight: This setup reflects a classic “distribution → retracement → continuation” pattern. The projected path suggests liquidity sweep near 93K before a strong impulsive move downward.