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๐ BTC Daily Chart SMC In-Depth Breakdown: The Downtrend Remains Unchanged, Rebounds Are Opportunities to Short
On the daily timeframe, BTC's structure has fully turned bearish: continuous breakouts and BOS (Break of Structure) from the 130k+ high have completely ended the previous bull market, confirming a daily downtrend. Currently, it is in a low-level consolidation phase after the decline, with the major bearish pattern still intact.
The four purple lines and red zone on the right side of the chart represent strong resistance levels and unfilled bearish FVG (Fair Value Gap) left during the decline. The core resistance zone is concentrated between 79k and 88k, which is the BOS breakout point and a block of bearish orders from the previous decline. Rebounds to this area are likely to face resistance and pull back, making it an excellent zone for short entries.
Below, the 65k-70k range is the current consolidation zone, with around 71k acting as short-term support. If this support is broken effectively, the downtrend will continue, with the next target directly at the 60k level. If the price rebounds and breaks above 72k, the strong resistance zone at 80k-85k remains the bearish line of defense. Until broken, all rebounds are traps to induce longs.
Currently, the MACD momentum is weak, with no clear reversal signals. After consolidation, a downward move is highly probable.
โ ๏ธ Key Reminders:
1. In a daily downtrend, strictly avoid heavy long positions against the trend. Only try small longs with tight stop-loss at 65k.
2. The 80k-85k zone is the core shorting area; set stop-loss at 88k, with a target back to 60k.
3. Only if the daily closes firmly above 88k will the bearish structure be invalidated, and the trend needs to be reassessed.
Do you think BTC will rebound to 80k first and then fall, or will it break below 60k directly? Share your thoughts in the comments! #BTC็ช็ ด71000็พๅ