BTCUSDT Short: Weak Demand Signals Liquidity Sweep to 66K

[cryptobro]

Hello traders! Here’s my technical outlook based on the current BTCUSDT (4H) chart structure. BTC previously traded inside a range, after formed a rising trend line. The market faced rejection from a pivot high under a descending supply line, BTC broke below the trend line and the 68,400 supply zone.

Currently, price is trading below resistance and approaching the 66,000 demand zone, where a short-term reaction may occur. The structure now shows lower highs forming, indicating weakening bullish momentum.

As long as BTCUSDT remains below the 68,400 resistance and respects the descending supply line, the bearish bias stays valid. A continuation lower could push price toward the 66,000 support (TP1) as the next downside target. Manage your risk!

[johnblockbuster]

bearish on 4h, bullish on 1h, market going sideways confirmed