Published: 6 March 2026,08:24
Chart The Market
BTC, H4:
Bitcoin has executed a false breakout above its month-long price consolidation range, with the move decisively rejected at the immediate resistance line near the $73,550 mark. The cryptocurrency is now showing clear signs of falling back into the prior range, indicating that the breakout lacked conviction and a bearish bias is emerging.
The rejection carries significant technical weight. After rallying through the $72,000 region, Bitcoin was unable to sustain momentum above the critical $73,550-$73,800 resistance zone. This failure to hold the breakout level suggests that buying pressure was insufficient to establish a new trading floor, and sellers have now regained control.
Momentum indicators strongly support this bearish interpretation. The Relative Strength Index was rejected at overbought territory and has begun to roll over, reflecting exhaustion of buying pressure. The Moving Average Convergence Divergence has generated a bearish death cross from elevated levels, confirming that positive momentum is dissipating and downside pressure is building.
Resistance Levels: 73,690.00, 78,790.00
Support Levels: 67,535.00, 60,400.00
AUDUSD, H4
The AUDUSD pair has established a clear bearish trajectory following its rejection at the strong resistance level near 0.7120, a multi-month high that has now confirmed a double-top price pattern. The formation of this classic reversal structure signals that buying pressure has been exhausted and a sustained downtrend is underway.
The pair is currently dominated by strong bearish momentum, with price action expected to extend lower toward the key support level at 0.69010 in the near term. A break below this threshold would open a path toward deeper downside targets, potentially testing the 0.6850-0.6880 region where previous support confluences reside.
Momentum indicators firmly support the bearish outlook. The Relative Strength Index has crossed below the 50-midpoint, reflecting a decisive shift from bullish to bearish momentum territory. The Moving Average Convergence Divergence continues to edge lower following a bearish crossover, confirming that downside pressure remains structurally dominant.
Resistance Levels: 0.7120, 0.7225
Support Levels: 0.6910, 0.6830
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