BTCUSD 1H Premarket: Testing the 72,641 Low Under the 200-DayBitcoin / U.S. dollarBITSTAMP:BTCUSDCFlo17BTC is chopping around the 72,641 overnight low after losing the 200-day (73,089) overnight, and it has already poked under it to about 72,570. A 1H close below 72,641 confirms the break into US open flows; holding back above 72,677 would make it a stop run. Market structure Daily: below the 50-day (80,891) and now under the 200-day, lower highs since 87,219 in early October 4H: lower high at 74,712, and price is probing the 72,677 swing low from Nov 10 1H: sold from 74,117 after the UTC open, leaving a gap at 73,042-73,334 Key levels Pivot: 72,641-72,677, the overnight low and Nov 10 low Resistance: 73,042-73,334 4H bear FVG, 73,400 prior VAL, 73,620 prior POC, 73,915 prior close, 74,712 PDH Support: 72,000, 70,000 Bull case Hold above 72,677, then reclaim 73,334 Targets: 73,620, 73,915, 74,117 Invalidated by a 1H close below 72,641 Bear case 1H close below 72,641 Targets: 72,000, 70,000 Invalidated by a reclaim above 73,334 This is my read of the chart, not financial advice.