Bitcoin Technical Analysis: BTCUSD Breaks Key Support, Eyes Reversal Levels - XS
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Bitcoin Technical Analysis: BTCUSD Breaks Key Support, Eyes Reversal Levels

Date Icon 29 May 2026
Review Icon Written by: Samer Hasn
Time Icon 3 minutes
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Article Summary

BTCUSD exhibits an aggressive bearish breakdown on the four-hour chart, invalidating a critical bullish order block between 73,741.53 and 74,781.95, which has now transitioned into a breaker block. This downward acceleration follows a prolonged corrective descent characterized by a distinct sequence of lower highs. For a bullish reversal to materialize, buyers must decisively reclaim this breaker block zone. Achieving this could shift market focus toward overhead bearish order blocks up to 78,016.84, potentially exposing higher supply magnets including a fair value gap up to 80,361.36 and major resistance near 82,131.55.

 

The technical structure indicates that BTCUSD must forcefully reclaim the broken order block zone between 73,741.53 and 74,781.95 to invalidate the current lower-high sequence and expose higher supply magnets.

BTCUSD has broken down sharply on the four-hour timeframe, cutting straight through a critical previous bullish order block that became a breaker block, between 73741.53 and 74781.95. This downside acceleration follows a prolonged corrective descent from the early May peaks, establishing a clear lower-high trend line sequence.

For the upside scenario, a sustained trend reversal requires the coin to forcefully reclaim the breaker block zone from 73741.53 to 74781.95 and push above its upper limit. A successful breakout past this mark would shift buyers' focus toward a retest of the overhead bearish order block (OB) zone stretching from 76913.99 to 78016.84.

Overcoming this barrier would expose higher supply magnets, specifically the bearish fair value gap (FVG) zone mapped between 79533.91 and 80361.36, and potentially the major bearish order block (OB) zone at 81319.92 to 82131.55.

BTCUSD29052026

(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)

Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.

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Samer Hasn

Samer Hasn

FX Analyst

Samer has a Bachelor Degree in economics with the specialization of banking and insurance. He is a senior market analyst at XS.com and focuses his research on currency, bond and cryptocurrency markets. He also prepares detailed written educational lessons related to various asset classes and trading strategies.  

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This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.

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