Bitcoin Analysis: BTC/USD Downside Pressure Targets $70,800

Bitcoin (BTC/USD) continues to trade in a corrective slide, facing sustained downside pressure as market participants position ahead of the upcoming Federal Reserve interest rate decision. Macroeconomic headwinds, including tight monetary policy and prospective inflation risks, continue to constrain liquidity across risk assets, limiting immediate upside momentum for the cryptocurrency.

Daily Timeframe: Technical Structure and Bearish Reversals

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On the daily timeframe, despite an earlier structural shift suggesting the tentative start of a broader bullish trend, price action remains constrained. The recent breakout beyond the $60,000–$82,500 sideways channel increasingly resembles a deep upper-boundary deviation. Additionally, price reacted to a bearish Fair Value Gap (FVG) and formed a bearish Order Block (OB), confirming renewed selling interest.

If the rejection at the upper range holds, Bitcoin is projected to slide lower toward the $70,800 level inside the daily flat channel. Given the confluence of technical resistance and fundamental headwinds, short-term price action remains tilted toward the downside.

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4-Hour Timeframe: Bearish Continuation Signals

The 4-hour chart reflects a persistent short-term downward structure, with the key Change of Character (CHOCH) level defined at $87,000. Following upper-boundary rejections, price declined toward the lower end of its consolidation range as anticipated.

Notably, recent liquidity sweeps at the lower boundary failed to generate a strong bullish reaction, signaling a lack of strong buy-side demand at current price levels. Consequently, a decisive breakout through the lower range boundary would likely trigger an accelerated move toward daily downside targets.

Trading Outlook

While long-term structural changes remain possible, near-term technical evidence favors short positions. Traders should monitor price action for a potential extension toward the $70,800 support area while watching key resistance near the $87,000 CHOCH level.

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