Bitcoin at 67.7k: identifying trap setups for traders at critical support and resistance levels

After a weekend of consolidation, Bitcoin is testing its key levels, where multiple market participants may encounter real trap zones. At the current price of 67.72K (down 1.12%), the dynamic between buyers and sellers reveals a complex technical structure that requires careful analysis. This article dissects the most probable scenarios and the danger zones where inattentive traders could suffer significant losses.

Strategic Break of 70K and Market Dynamics

On Monday morning, the price moved toward 70,000, maintaining the critical support line of 69,000 during a low-volume pullback. This movement confirms that the former resistance at 69K has turned into structural support. The fact that volume did not break this zone indicates substantial buying strength.

The “V” shaped recovery starting at 63,600 absorbed much of the market panic positions. Now, with consolidation around 70K, the scenario is entering a critical phase where trap zones become abundant. Small traders tend to enter at the peak of euphoria just before technical corrections, especially near major resistances.

Detailed Support and Resistance Map: Where Are the Traps

Short-term Support Levels (1-3 days)

The zone at 69,500 acts as immediate support. Any pullback to this level may attract buyers, but it is not a safe zone while the price fluctuates intraday.

The level at 68,800 represents the most important central support. This was the former all-time high and now functions as the absolute bottom of this phase. If the price breaks below this point, it will mean a failure of the previous breakout — a common trap where initial buyers are liquidated.

The trendline at 67,500 offers secondary support, where some defensive traders place stop-losses.

Medium-term Support Levels (1-2 weeks)

The 65,000 level acts as a “lifeline” — the absolute safety zone after the 63.6K bottom. Breaking here would signal a long-term structural reversal.

The 63,600 bottom remains the base of the previous “bear trap” — the deepest point of capitulation.

Finally, 60,000 marks the long-term historical support.

Short-term Resistance Levels (1-3 days)

Immediate resistance at 70,800 functions as a natural extension of the recent high, with pressure based on Fibonacci projections.

The critical level at 71,800 is where most trap zones materialize. This zone was the starting point of the previous decline, and there is a large volume of old positions held by sellers above this level. When the price first touches here, the statistical probability of a pullback is high.

The resistance at 73,500 marks the previous peak of the structure.

Medium-term Resistances (1-2 weeks)

74,300 exerts broad structural pressure. 76,200 marks the weekly resistance. The ultimate target for buyers remains set at 80,000.

Strategy Scenarios for Buyers and Sellers

Long Position Perspective (trend-aligned)

After confirmed breakout above 69K, the trend becomes fully bullish. The fundamental strategy now is “pull back to buy,” anticipating a touch at 72K this week.

The critical point is not to chase the price in vertical moves above 71,500 — this is a common trap where small traders buy at the top of euphoria. Better to wait for pullbacks with reduced volume near support levels.

Short Position Perspective (defensive side)

With strong buying momentum, selling at market in this level means working against the trend — a unfavorable strategy. The only sensible sell point is near 72,000, betting on a technical correction at this resistance level.

The trap for sellers is holding an open short position for too long. If 72K is broken with robust volume, the next resistance is significantly higher, causing severe losses on short positions.

Risk Factors and Critical Travel Points

The market is in an “inertia impulse after confirmed breakout” phase, where volatility will be normal. Market health is positive, but this does not eliminate trap zones — in fact, it creates them.

Traders need to be alert: positions are accumulating around 71,800 and 72,000. When the price approaches these points, algorithmic liquidations or institutional profit-taking may occur, creating sharp moves that wipe out small positions.

Consolidation between 67,500 and 72,000 will be the battleground zone in the coming days. Identifying these trap zones and respecting risk areas is the difference between consistent profit and capital losses.