Trading King

06/22 04:20

Bitcoin Rebound Faces A Resistance Test The comm

#World Cup Predictions: 100,000 USDT Daily #2026 World Cup Posting Challenge on HTX Square #HTXCommunity4thAnniversary Bitcoin Rebound Faces A Resistance Test The common thread across the bearish TradingView setups is not that Bitcoin must immediately collapse. It is that the latest bounce has not yet done enough to prove sellers have lost control. In one of the more cautious views, TradingView analyst SHAY_ANALYTICS described BTCUSD as having confirmed a bearish breakdown from a multi-month symmetrical triangle. The analyst said price is still below the former support area and below the Ichimoku cloud, leaving the downside bias intact unless buyers reclaim the broken structure. That setup places immediate resistance around $73,200 and major resistance near $75,600, while downside targets sit at $54,000 and $47,500. The important point is the structure: former support is now being treated as resistance, and rallies into that zone may attract fresh selling unless Bitcoin closes back above it with conviction. Short-Term Traders Watch $63,600-$65,000 A second TradingView idea from Milad_sangari focused on the shorter-term BTCUSDT structure. The analyst said Bitcoin had broken below an ascending parallel channel on the one-hour timeframe and was retesting the former channel support as resistance. The rejection zone highlighted in that analysis sits around $63,600-$63,980, an area the analyst said also lines up with key Fibonacci retracement levels. That makes the current area important for traders trying to separate a healthy rebound from a failed retest.

BTCUSDT

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