$BTC
Trade Setup
Entry Zone: $68,200 – $68,600
Take Profit 1: $67,750
Take Profit 2: $67,200
Take Profit 3: $66,500
Stop Loss: $69,200
Bitcoin is showing clear bearish momentum on the short-term chart. Price continues to trade below the MA(25) and far under the MA(99), confirming that sellers currently dominate the market structure. The recent bounce from the $67,744 support was weak, forming lower highs and signaling that another downside test is highly likely if buyers fail to reclaim the short-term moving averages.
Short Market Outlook
Momentum remains bearish on the 15m timeframe with price stuck under key moving averages. Volume shows sellers stepping in on minor rallies, which usually leads to continuation moves lower. If BTC loses the $67,700 support, the market could quickly accelerate toward $67K – $66.5K liquidity zones. Bulls must reclaim $69K to invalidate the short-term bearish structure.