BTCUSDT 2H: Bulls Defending Support After Sharp Selloff, Eyes onBitcoin / TetherUSBINANCE:BTCUSDTTurbohelpflixAnalysis BTC has been in a clear short-term downtrend, printing lower highs and lower lows before finding support around the 72.5K area. After the sharp decline, price is now consolidating inside a tight range near 73.5K, suggesting the market is absorbing selling pressure. What stands out: The 72.5K zone is acting as key support and has already attracted buyers. Price is compressing near the intersection of trendlines, forming a potential breakout point. The recent rebound candle with a long lower wick shows rejection of lower prices and buying interest. Despite the consolidation, the broader move remains corrective until bulls reclaim higher resistance levels. Bullish Scenario If BTC breaks and holds above the local consolidation range: Target 1: 75.7K–75.8K Target 2: 77.8K–77.9K A move above the first target would confirm improving momentum and increase the probability of testing the upper target zone. Bearish Scenario If support around 72.5K fails: The current consolidation becomes a bearish continuation pattern. BTC could revisit lower liquidity zones below the recent swing low. Market Sentiment The chart currently reflects a "wait-and-see" battle between buyers and sellers. Bears still control the larger trend, but bulls are attempting to build a base above support. The next decisive move is likely to come from a breakout of the current consolidation structure. Trading Note Support: 72.5K Immediate Resistance: 74.0K–74.3K Major Targets: 75.8K and 77.9K Bias: Neutral-to-bullish while holding above 72.5K; bullish confirmation only after a clean breakout from consolidation.