Bitcoin (BTC) is at a decisive inflection point, testing range extremes that could determine its short-term direction. Analyst Lennaert Snyder notes that while this high-tension phase can be intimidating, it often sets up high-quality trading opportunities. The immediate hurdle for bulls is reclaiming the $66,590 high on the H4 timeframe. However, the true pivotal level for a structural bullish shift is approximately $68,000, which hosts the Point of Control (POC) for the entire range. Reclaiming this zone would signal buyers have regained control, opening a path toward resistance at $71,422 and a major liquidity cluster at $76,971.
Conversely, failure at these levels could trigger significant downside. A rejection after sweeping the $66,590 high could indicate a bull trap and lead to aggressive short-selling, potentially driving Bitcoin to establish new weekly lows. Analyst Ted highlighted that Bitcoin has already broken below the key $65,000 support zone, shifting short-term momentum in favor of bears. This opens the door for further downside exploration, with significant bid liquidity stacked between $60,000 and $63,000. A sweep of the $60,000 lows is considered increasingly likely before any meaningful reversal attempt.
Simultaneously, Bitcoin Cash (BCH) has experienced significant volatility but maintains a crucial technical structure. BCH has shed 17.4% over two days and was down 11.23% in 24 hours, testing the mid-range level at $476. Despite the drop, BCH continues to trade within its established two-year range of $272 to $680. The weekly chart shows positive volume indicators, with the Chaikin Money Flow (CMF) above +0.05, signaling sizeable capital inflows. The On-Balance Volume (OBV) has been trending higher since late 2024, indicating sustained buying pressure despite range-bound price action.
The Fixed Range Volume Profile identifies a critical support area, with the Point of Control at $438. Since mid-June 2025, BCH has seen multiple weekly wicks to the $440-$450 area followed by bounces. The current price dip could react similarly, with the $440-$470 zone acting as a key demand area. While the Moving Average Convergence Divergence (MACD) threatens a bearish crossover on the weekly chart, swing traders are advised to watch for a retest of $438 and a potential bounce back above $480. The analysis concludes that BCH has occupied the upper half of its range since June 2025, and a bearish bias is not warranted until this structure changes.
