BTCUSD TRADE IDEA

BTCUSD is trading near a major H4 support zone around 74,900 – 75,400 after a strong bearish breakdown from the 77,300 resistance area. The chart shows price rejecting multiple supply zones and losing bullish momentum, confirming short-term bearish pressure.

The current move is testing a key ascending trendline support. A clean break below 74,900 could trigger a continuation sell-off toward 72,900, followed by the major support around 70,400. This area also aligns with the lower Fibonacci retracement zone, making it an important target for sellers.

On the upside, if BTC holds above the trendline and reclaims 77,300, buyers may attempt a recovery toward 78,800 – 79,500 resistance. However, overall structure remains weak unless price closes back above the upper supply zone.

Key Levels

• Resistance: 77,300 / 78,800 / 79,500
• Support: 74,900 / 72,900 / 70,400

Trading Bias

• Bearish below 77,300
• Bullish recovery only above 79,500

Trade Setup

• Sell Scenario: Rejection below 77,300 targeting 72,900 and 70,400
• Buy Scenario: Strong bounce from 74,900 with confirmation targeting 77,300+