The post Range Tightens—Will $60K or $74K Break First? appeared on BitcoinEthereumNews.com.

BTC remains under $67K as Ichimoku cloud and Fibonacci resistances reinforce bearish bias. Short-term momentum weak, ADX near 20, hinting at volatility compression ahead. Derivatives deleveraging and spot outflows signal cautious sentiment and risk reduction. Bitcoin continues to struggle on the four-hour chart as sellers maintain control below key Fibonacci resistance. After rejecting near $89,985 at the 0.786 retracement level, BTC triggered a sharp decline that shifted short-term structure bearish. The decisive break below $83,720 confirmed downside momentum. Consequently, price accelerated toward the $60,671 swing low. Currently, BTC trades around the $66,800 to $67,000 region. The pair remains below the Ichimoku cloud, reinforcing bearish bias.  Moreover, both the Tenkan and Kijun lines sit above price and act as dynamic resistance. Momentum indicators show limited strength, with ADX hovering near 20. Hence, volatility compression may precede the next decisive move. Key Resistance and Support Levels Immediate resistance stands at $69,320, which aligns with the 0.5 Fibonacci level. A recovery above this barrier could trigger a short squeeze toward $74,918. That level marks the 0.382 retracement and represents a critical trend shift zone. Additionally, $79,319 remains a strong supply area where sellers previously entered aggressively. Above that, $83,720 forms the major structural resistance. Bulls must reclaim that level to invalidate the current bearish sequence. BTC Price Dynamics (Source: Trading View) On the downside, $66,000 to $65,500 provides initial support. However, failure to hold this range increases pressure toward $63,000 and $62,000. These zones represent short-term demand pockets. Significantly, the macro swing low at $60,671 remains the broader defensive line for buyers. A breakdown below that level could invite deeper capitulation. Open Interest and Spot Flow Signal Deleveraging Source: Coinglass Derivatives data reveals a pronounced deleveraging cycle. Open interest previously surged from under $20 billion to nearly $90 billion during the rally phase.…

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Filed under: News - @ February 19, 2026 2:27 pm