BTCUSD Bitcoin vs US Dollar 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
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