Bitcoin Price Action – Profit-Taking Drives Bearish Momentum

BTCUSD is trading below the moving average, indicating sustained bearish pressure as sellers continue to control short-term price action.

🔍 Market Structure Insight (1H / 4H):
Price remains below key resistance levels, with the moving average acting as dynamic resistance. Recent weakness appears to be driven by profit-taking after the previous rally, resulting in a softer market structure and declining momentum.

📉 Bearish Scenario:
As long as BTCUSD remains below the 71,700 resistance level, downside pressure may continue toward the 69,100 support zone. A confirmed break below support could expose the 65,000 liquidity zone.

📈 Bullish Scenario:
A sustained move above the moving average and the 71,700 resistance level would weaken the bearish outlook and signal a potential recovery.

⚠️ Key Levels to Watch:

Resistance: 71,700
Support: 69,100
Bearish Target: 65,000

💡 Trading Idea (SMC + Technicals):
= Price trading below the moving average signals bearish momentum
= Lower highs reflecting weakening market structure
= Resistance zone acting as supply
= Bearish BOS below 69,100 confirms continuation
= Sell-side liquidity resting near 65,000
= Profit-taking pressure contributing to downside movement

SMC Key Concepts:
= Bearish market structure
= Supply zone at resistance
= Sell-side liquidity target
= Bearish Break of Structure (BOS)
= Momentum aligned with the downside trend

This is a personal market view based on price action and technical analysis, not financial advice.