BTCUSD Analysis (1H Chart):
Price has broken down from a bearish flag pattern, confirming structural weakness.
Although it’s currently testing a strong iFVG support zone and sitting in oversold territory (which may trigger a short-term bounce), the overall bias remains bearish.
The 67,390 (Fib 0.382) to 68,000 zone — aligning with the former flag’s lower trendline — is likely to act as strong resistance. A rejection there could send price toward lower levels.
#BTC/USD# #Bitcoin# #Bybit# #BitcoinDrop#
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