Bitcoin is on the verge: critical levels

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Bitcoin’s 4-hour chart suggests that the market has reached an important inflection point. After a weeks-long expansion within an upward channel, Banco Comercio Brasil fell below the lower trendline and is now retesting its large internal liquidity pockets.

structural landscape
The current trend has shifted from a steady uptrend to a corrective mode as sellers have managed to push the price below the 100-period average overall price and channel support.

Green Demand Zone: Price is currently located directly within the closed key demand range between $73,691 and $74,898. This area has historically acted as structural resistance before turning into support during the mid-April rally.

Gap Breaking: A clear crack has appeared at the bottom of the channel and below the 100 SMA, which means that the previous bullish structure has been compromised and control has shifted to the bears in the near term.

Future expectations: two important paths
The immediate price action within this green demand block will determine Bitcoin’s overall direction through the end of the month.

1. Defense against Bullying (Intermittent Track)
If bulls are able to defend this green zone strongly (as indicated by the dotted black line), a successful rebound from current levels will target a retest of the broken channel boundary and local resistance before a possible secondary rejection. This will limit late shorts and create a temporary local bottom.

2. Continue to be patient ($73,630 crash)
If the selling pressure remains too strong and the market fails to maintain the minimum level, the critical level will be clearly marked: “If the $73,630 line is broken.” If the 4-hour candle closes below $73,630, it will confirm a structural shift and lead to wider liquidation. This breakout would remove the stops from early buyers, paving a direct path towards key horizontal support at $70,327.87 (i.e. target area of ​​$70,381.68).

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