Bitcoin / TetherUS — daily chart analysis

BTCUSDT’s daily chart shows a broad cycle from the early-year peak through a February liquidation, a failed May rebound and a June trough. Price then built a July–August base around 62,000–67,000 before breaking sharply higher toward 87,000 in September. That advance has since reversed into lower highs and lows, returning price below the prior September reaction area near 74,968 and toward the recent 72,727.27 low. The snapshot reference price is 74,660.29, and the current daily candle is incomplete. Volume expanded during the major earlier selloffs and the August breakout; recent selling has also had meaningful participation, though the unfinished candle cannot confirm a fresh breakdown.

The saved thesis is a conditional short continuation, not an active trade. It requires a completed daily close below 72,727.27, followed by a retest of 72,727–73,500 and a completed daily rejection closing below 73,500. The reference entry is 73,000, although an actual fill may differ. A mere intraday break would not satisfy the trigger. If the setup activates, a trade back to or above 76,500 invalidates the short thesis; a recovery to that level before activation cancels the watch.

The projected path first points to 68,000, a prior reaction area where slowing or reversal would be important to monitor. The secondary objective is 62,535.24, near the summer base and the launch area for the August advance. Those levels reflect historical reactions and support rather than a guaranteed measured move; a failed retest after the required daily break would be the evidence supporting the projected continuation.