Today, Bitcoin (BTC) showed little significant movement or sharp volatility, with the price continuing to trade in a relatively tight range around the $68,000 to $70,000 levels. On the surface, the market appears calm, but this quietness conceals clear technical tension
Traders and investors are waiting for a decisive breakout—particularly a break below the $68,000 level, which has become the main focal point right now
In recent days, Bitcoin faced strong selling pressure that drove a sharp decline from peaks exceeding $120,000 in late 2025 and early 2026, dropping to lows near $60,000 before staging a partial rebound
Many analysts view this bounce as a classic “dead cat bounce,” as it failed to overcome a key resistance at $71,000 and then gradually retreated again
Today, the price is showing relative stability above $68,000, but trading volume remains low and momentum appears weak—reinforcing the idea that the market is in a waiting phase, quietly building energy for the next major move
From a technical perspective, the $68,000 level is a multi-layered critical support
It aligns with several important zones: roughly the 200-week moving average, areas of liquidity clustering, and key Fibonacci retracement levels from the previous major rally
If this level is convincingly broken (with a daily or weekly close below it accompanied by elevated volume), it could open the door to deeper downside toward the $65,000–$62,000 region and potentially retest previous lows near $60,000 once more
This bearish scenario is further supported by indicators such as the Relative Strength Index (RSI) lingering in deep oversold territory, along with several weekly chart signals pointing to the continuation of the broader downtrend
On the flip side, if Bitcoin successfully defends $68,000 and manages to strongly retest resistance in the $70,000–$71,000 area, we could see a more powerful bounce targeting higher levels such as $75,000 or beyond
However, this bullish scenario would require a clear increase in trading volume and fresh buyers stepping in (possibly through renewed ETF inflows or an improvement in overall market risk sentiment)
In the bigger picture, Bitcoin is currently undergoing a deep correction following the explosive rally of 2025, influenced by factors such as tighter monetary policy, reduced risk appetite for high-volatility assets, and some outflows from spot ETFs
Long-term investors still see this zone as a buying opportunity, while short-term traders remain cautious about the risk of further downside
Ultimately, today’s market resembles a quiet volcano: little visible movement, yet pressure continues to build beneath the surface
A decisive break below $68,000 could ignite a new wave of selling, while holding above it keeps hope alive for a gradual recovery
The waiting game continues, and caution remains essential in this delicate phase of the market cycle
#RiskAssetsMarketShock #WhenWillBTCRebound #MarketCorrection
