BTC/USD Range Compression Bearish Pressure Below Resistance

TC/USD Intraday Analysis (15M)

Market Structure:

Price is currently ranging after a sharp bearish breakdown from the previous structure (clear break of resistance → shift to bearish momentum).
Consolidation is forming inside a tight range (66,600 – 67,300), indicating accumulation before the next move.

Key Zones:

Resistance: 68,200 – 69,000 (major supply + previous rejection zone)
Support / Buy Zone: 66,000 – 66,400 (strong demand area holding multiple times)

Current Behavior:

Price is compressing near mid-range with weak bullish attempts.
Supertrend + structure still favor downtrend continuation unless resistance is reclaimed.
Scenarios:

🔴 Bearish Scenario (Higher Probability):

Rejection from 67,200–67,500
Breakdown below 66,600
Targets:
TP1: 66,000
TP2: 65,500
TP3: 64,800

🟢 Bullish Scenario (If Breakout Occurs):

Strong breakout above 67,500
Momentum push toward:
TP1: 68,200
TP2: 68,800
Key Insight:
Market is in a range within a larger bearish trend → fake breakouts likely.
Best approach: trade extremes (support/resistance), avoid middle zone entries.