BITCOIN BTCUSDTBitcoin / Tether USDKRAKEN:BTCUSDTShavyfxhubMarket Structure Breakdown Overall Structure: The structure shows lower highs and lower lows — bearish market structure on the higher timeframe. Key Levels: Demand Floor (Green): Around 58,000 – 61,000 (major support zone). Supply Roof (Red): Around 66,000 – 73,000. Current price is consolidating near the lower part of the channel after a sharp drop. Current Price Action: BTC is trading around 66,000 level. and rejecting upswing ,a sign of danger The chart shows repeated rejections from the red supply roof. Technical Outlook: Bearish Bias while below the red descending channel. A break below 58,000 would confirm further downside. Bullish validation: Strong break above 73,000 with volume. Verdict: The structure is bearish on the daily timeframe. Focus on the reaction at the 58k–61k demand floor for the next major move. #bitcoin