Eliana | BTCUSD – 30M – Intraday Market Condition
BITSTAMP:BTCUSD COINBASE:BTCUSD
After distribution near the 79,000–78,000 resistance range, BTC experienced a strong impulsive sell-off, confirming bearish dominance. The breakdown below 73,000 accelerated momentum toward the 69,000 liquidity pocket. Current bounce appears corrective rather than a trend reversal. As long as price remains below the broken structure and supply zones, overall bias stays bearish, with only intraday pullback opportunities for buyers.
Key Scenarios
❌ Bearish Case 📉 (Primary Bias) →
Rejection below 72,900 – 73,500 keeps sellers in control.
🎯 Target 1: 69,150
🎯 Target 2: 67,800
🎯 Target 3: 66,500
✅ Bullish Case 🚀 (Relief Bounce Only) →
Strong hold above 69,100 demand may trigger a corrective move.
🎯 Target 1: 72,900
🎯 Target 2: 75,000
🎯 Target 3: 76,800
(Bullish move is corrective unless structure flips)
Current Levels to Watch
Resistance 🔴: 72,900 – 76,800
Support 🟢: 69,100 – 67,800
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.