Bitcoin Shows a Bearish Medium-Term StructureBitcoin / US DollarCOINBASE:BTCUSDNouzTraderBitcoin continues to exhibit a bearish structure, characterized by a series of Lower Highs and Lower Lows. The breakdown below the $80,000 and $75,000 support levels has reinforced seller dominance, with the price currently testing a key demand zone. BTCUSD - ⚡Elliott Wave: The decline from $87,000 may potentially be developing into a bearish Wave 5. If this scenario holds, there is room for further downward movement; however, the likelihood of a bullish correction increases once the five-wave impulse is complete. - ⚡Directional Outlook: In the short to medium term—based on the daily timeframe—Bitcoin may see continued weakness toward $72,000, followed by the $70,000–$68,000 range should key support levels be breached. Nevertheless, a technical rebound toward $75,000–$76,000 remains a possibility. - ⚡Final Trading Bias: BEARISH. The primary preference is to "sell on rallies" as long as the price remains below the $75,000–$76,000 resistance zone. A breakout back above $80,000 would serve as an early indication that bearish pressure is beginning to weaken significantly. 📝Final Outlook: The BTC/USD daily chart maintains a bearish bias, with potential downside targets in the $70,000–$68,000 range. The price structure—forming Lower Highs and Lower Lows—supports the continuation of the downtrend. However, given that the price is currently within a demand zone and the RSI is approaching oversold territory, one should remain alert to the possibility of a technical rebound before entering any new short positions. ----------------------------------------------------------------------------------------------------------------- ✅ Trading Scenarios 🎯 Scenario A — Bearish Continuation (Primary Bias) If Bitcoin fails to hold the $72,000–$73,000 demand zone and the daily candle closes below $72,000, selling pressure is likely to persist, potentially pushing the price toward the $70,000–$68,000 range. A "sell on rally" strategy could be considered if the price experiences a technical rebound toward the $75,000–$76,000 range and subsequently forms a bearish rejection. This area now serves as a key resistance level, having previously acted as support. ------------------------------------------------------------ 🎯Scenario B — Bullish Recovery (Alternative) If Bitcoin manages to hold the $72,000–$73,000 demand zone and forms a bullish reversal, the price could see a technical rebound toward the $75,000–$76,000 range. Should buyers succeed in breaking through the $76,000 resistance with a strong daily candle close, the upward movement could potentially extend toward $79,500–$80,000. However, such a recovery might still represent a correction within a broader bearish trend, provided the "lower high" structure remains intact.