BTC currently in a critical zone: technical analysis indicates buying opportunities

Currently, Bitcoin is trading near $69,720, recording a 0.96% gain over 24 hours. This level represents an important inflection point on the long-term chart. Technical analysis suggests we are in a phase preceding significant market movements, creating strategic opportunities for prepared traders.

Market Structure and the Role of Liquidity

The fundamental reason to monitor price movements lies in the underlying market structure. Large institutions—commonly referred to as “whales”—have not yet swept the liquidity below the lowest point recorded in April 2025. This is a crucial detail, as many retail traders have their stop-loss orders positioned slightly below this critical level. Standard market theory indicates that liquidity is often removed before a substantial upward move.

This behavior follows a well-documented pattern: institutions need to gather the positions and orders of smaller traders to create the momentum necessary for larger movements. Currently, this liquidity has not yet been absorbed, suggesting there may be a corrective move toward the $71K–$72K levels.

Technical Signals and Critical Support Levels

Analyzing the chart formation, it appears that the price will likely test again the descending trendline of the falling wedge pattern. This resistance zone aligns perfectly with the $71K–$72K region, creating multiple points of technical confluence—an ideal situation for strategically positioned traders.

The Relative Strength Index (RSI) is beginning to move toward oversold territory, signaling possible exhaustion in selling pressures. This technical signal reinforces the hypothesis that a correction near $71K–$72K could offer excellent accumulation points. However, before any sharper decline, the price is likely to make a temporary rebound toward the $83K–$84K region, testing immediate resistance.

The key point to watch will be whether buyers have enough strength to break the descending wedge pattern and establish a durable trend reversal. Until that breakout is confirmed by price action, the $72K level remains a strong support and a relevant interest zone.

Stratified Trading Plan for the Coming Weeks

The recommended strategy follows a phased approach:

• Short-term (1-2 weeks): Monitor potential decline toward $71K–$72K, looking for support confirmation
• Medium-term (2-4 weeks): Await a strong rebound toward $83K–$84K as a resistance test
• Long-term (until end of 2026): Consider that Bitcoin may still explore lower levels, potentially testing the $60K zone

This layered strategy allows flexibility in decision-making while maintaining clear objectives.

Recommendation on Altcoins and Capital Allocation

Currently, aggressive accumulation of altcoins is not advised. While short-term speculative jumps may occur, most altcoins maintain a weak medium-term structure. A more favorable accumulation window might present itself around October 2026, when technical structures could reorganize more favorably. However, additional data will be needed to fully validate this timing hypothesis.

The recommendation is to maintain positions in Bitcoin as the most trusted asset in the short term, while waiting for reversal signals in altcoins to reallocate capital.

Disciplined trading requires patience and confirmation of signals, not rushing. Monitor the levels mentioned and let price action confirm the presented outlook. Wishing you well-calculated executions and sustainable gains.