BTC/USD 15-Minute Chart Analysis – Support Zone Bounce & BullishBitcoin / U.S. dollarBITSTAMP:BTCUSDZS_PERFECT_TRADER1. Market Structure BTC experienced a strong bearish move from approximately $71,200 toward $68,000. Price is now consolidating around $68,400. The market is testing an important support zone after several rejections from higher levels. Recent candles show buyers attempting to defend the $68,000 area. 2. Key Support and Resistance Levels Level Price Significance Major resistance $70,200–$70,400 Strong supply zone Intermediate resistance $69,400–$69,500 Previous rejection Local resistance $68,900–$69,000 Short-term barrier Current price $68,406 Current trading area Major support $67,950–$68,100 Demand zone 3. Bullish Scenario If buyers successfully defend the $67,950–$68,100 support zone: Price may consolidate above $68,100. A breakout above $68,600 could signal increasing buying pressure. A move above $69,000 may open the way toward $69,400. The next major upside target is $70,200–$70,400. 4. Bearish Scenario If BTC loses the $67,950 support zone with a strong 15-minute candle close: The current bullish setup becomes invalid. Selling pressure may increase. Price could seek lower liquidity below $67,750. 5. Trading Strategy Action Confirmation Potential long Bullish rejection at $68,000 Safer long entry 15m close above $68,600 and successful retest First target $69,000 Second target $69,400 Major target $70,200 Invalidation Strong breakdown below $67,950 6. Final Verdict BTC is showing a potential bullish reaction from the $68,000 demand zone. However, the overall intraday structure remains under pressure following the previous strong bearish move. The key confirmation is whether buyers can reclaim $68,600–$69,000. Until then, this is a potential support bounce, not a confirmed trend reversal. My approach: Watch for a liquidity sweep below $68,000 followed by a strong bullish 15-minute candle close. Avoid entering long without confirmation.