BTCUSD is showing signs of weakness after rejecting the strong supply zone near $110K. Price has started forming lower highs and currently sits around $104,739, with bearish momentum gradually building. 👀
🔻 If the selling pressure continues, we could see price testing the next key support at $94,444 – a previously strong breakout level.
🚨 A break below $94K could open the way for a deeper correction toward the $76,318 demand zone, which aligns with a prior consolidation base and high-volume node. This level also overlaps with a visible range support and the March-April demand block (orange zone), making it a critical area for bulls to defend.
🔍 Technical Overview:
Resistance zone: $109,000 – $110,000 (rejection confirmed)
Key supports:
$94,444 → retest likely
$76,318 → major demand zone + potential long entry
Structure: Lower high forming, bearish signals increasing
Indicators: Potential bearish divergence forming (RSI not shown but implied)
🧠 What to Watch:
Watch for volume spike and candle pattern confirmation on the $94K level.
A clean break below $94K with retest could offer swing short setups.
Bulls will need to reclaim $110K to regain momentum.
💬 What’s your take? Are we heading for $76K or will bulls defend $94K? Comment below!
#BTC #Bitcoin #BTCUSD #Crypto #BitcoinAnalysis #TechnicalAnalysis #PriceAction #SupplyAndDemand #SupportResistance #Bearish #CryptoTrading #SwingTrade #TradingView
🔻 If the selling pressure continues, we could see price testing the next key support at $94,444 – a previously strong breakout level.
🚨 A break below $94K could open the way for a deeper correction toward the $76,318 demand zone, which aligns with a prior consolidation base and high-volume node. This level also overlaps with a visible range support and the March-April demand block (orange zone), making it a critical area for bulls to defend.
🔍 Technical Overview:
Resistance zone: $109,000 – $110,000 (rejection confirmed)
Key supports:
$94,444 → retest likely
$76,318 → major demand zone + potential long entry
Structure: Lower high forming, bearish signals increasing
Indicators: Potential bearish divergence forming (RSI not shown but implied)
🧠 What to Watch:
Watch for volume spike and candle pattern confirmation on the $94K level.
A clean break below $94K with retest could offer swing short setups.
Bulls will need to reclaim $110K to regain momentum.
💬 What’s your take? Are we heading for $76K or will bulls defend $94K? Comment below!
#BTC #Bitcoin #BTCUSD #Crypto #BitcoinAnalysis #TechnicalAnalysis #PriceAction #SupplyAndDemand #SupportResistance #Bearish #CryptoTrading #SwingTrade #TradingView
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