BTC Technical Analysis: Key Order Block Holding Support

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BTC Technical Analysis: Key Order Block Holding SupportBitcoin / TetherCOINBASE:BTCUSDTTRW300Price has respected the Monday, October 7, 2024 order block and has yet to break the swing low at 85,929.86. As long as this low remains intact, the bullish market structure is still technically being defended. However, a decisive break below 85,929.86 would likely signal a shift in market structure and increase the probability of further downside continuation. The Monday, January 26, 2026 Fair Value Gap (FVG) could act as a key resistance zone if price retraces higher, potentially providing a reaction point for sellers to step back into the market. On the other hand, the October 7, 2024 order block remains a significant demand zone and could provide enough support for price to rally into the January 26, 2026 FVG, where the next major reaction can be assessed. For now, I am closely monitoring price action within this order block and waiting to see whether buyers continue to defend the zone or if sellers gain enough momentum to force a breakdown below the protected low.