Bitcoin Market Remains Caught Between Downside Pressure and Possible Rebound

Bitcoin's recent price action has been marked by a persistent downtrend, with repeated rejections at key resistance levels. According to analysis shared by Daan Crypto Trades, this trend structure is likely to continue in the short term.

The chart shows several failed breakouts, with lower highs and rejections near horizontal resistance zones. This pattern is characteristic of a strong sellers' market, where price continues to decline despite temporary upward moves.

In addition to the downtrend structure, liquidity analysis also suggests that Bitcoin may revisit lower liquidity levels before making another move higher. As noted by trader Ted Pillows, the current setup points to two active zones where price could react: one below the current price and another above $75,000.