BTCUSD – Daily Timeframe Analysis

BTCUSD – Daily Timeframe Analysis
Current Structure: Neutral → Bearish pressure

Here’s what matters:

Green descending trendline = active bearish control

Red ascending trendline = long-term bullish support

Price is currently trapped between both trendlines → compression zone (decision incoming)

This is classic Bitcoin behavior before a big move. Old-school market mechanics doing their thing.

Key Levels on Your Chart

Major Resistance: ~108,000 (yellow zone)

Major Support: ~75,800 (yellow zone)

Current price: ~87,600 → mid-range, no edge yet

Scenarios (important part)
🔵 Bullish Scenario (ONLY if confirmed)

Daily break & close above the green trendline

Then reclaim above 90K

Target path opens toward 100K → 108K

⚠️ Until that break happens → this is NOT a buy.
Early bulls get punished here.

🔻 Bearish Scenario (more probable right now)

Rejection from green trendline continues

Daily close below the red ascending trendline

Then continuation toward 75K zone becomes very real

That blue arrow down you marked?
Yeah… structure agrees with it if support breaks.

Truth Bomb

Right now:

❌ No confirmed buy

❌ No confirmed sell

✅ Waiting for structure break is the trade

Bitcoin is squeezing. Market is loading the spring.
The move will be violent — patience wins.