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BTC Bitcoin price analysis: BTC tests key resistance areas, and short-term short clearing clusters form
Bitcoin has rebounded further from recent lows and is currently testing an important resistance area. Although short-term momentum has improved, the asset is approaching a critical range, which may determine whether the current rally turns into a larger breakthrough or encounters resistance again within a broader consolidation range.
Daily chart analysis: The overall consolidation pattern remains unchanged
From the daily chart, Bitcoin is still operating within its clear consolidation range. The recent rally has pushed prices back into the main resistance area of $66,200 to $66,800, while broader support remains at $57,800 to $60,200.
Although buyers have regained short-term momentum, Bitcoin is still trading below declining 100-day and 200-day moving averages, which continue to strengthen the overall bearish pattern. In addition, the long-term trend line of decline remains intact, providing additional technical resonance for the resistance above.
Currently, the market still tends to range volatility. If prices can effectively break through the resistance zone of US$66,200 to US$66,800, it will be the first signal for buyers to regain control of the situation and may pave the way for a subsequent rise to the next resistance level of US$72,000 to US$74,000. Until then, the current trend is more like another rally in a broader consolidation zone.
4-hour chart analysis: Short-term key resistance levels
Judging from the 4-hour chart, buyers have launched a strong rebound from the demand area of $61,800 to $62,300, pushing Bitcoin back into the immediate resistance area around $64,800 to $65,400.
In the past two weeks, this resistance level has blocked the price rebound many times and has become a key short-term barrier. If prices successfully break through the US$64,800 to US$65,400 region, it will likely open up room for upside to daily resistance levels of US$66,200 to US$66,800.
However, failure to overcome this supply area could trigger another pullback, reaching the buyer's defensive area of US$61,800 to US$62,300, keeping Bitcoin trapped within a broader consolidation range.
Market sentiment analysis: Short clearing clusters become magnets above
The latest two-cycle clearing heat chart shows that there is a large amount of short clearing liquidity above the current price, especially concentrated around US$66,000. As Bitcoin continues to rise, the cluster has become a strong attraction for prices, increasing the possibility of sweeping liquidity upward.
If buyers can successfully break through near resistance, the liquidation of over-leveraged short positions may trigger short squeeze, accelerating bullish momentum and pushing prices towards higher resistance levels.
Although there are also clearing clusters under the current market, they mainly reflect aggressive long positions. For now, larger and more attractive liquidity targets remain above, and as long as buyers can maintain control, prices are more likely to be swept upwards.
