$BTC Market Update (4H & 1D TF Chart):
• #bitcoin is currently trading around $69.4K.
• A descending trendline from the top is continuously rejecting the price.
• Until this trendline breaks, bearish pressure may remain in the market.
Important Levels
🔹 Resistance
✨ $70.5K – $71K (trendline area)
If a strong breakout happens above this zone, the next move could reach $72.5K – $74K.
🔹 Support
👀 $68K – first support level
😎 If this level breaks, a quick drop toward $66K – $65K could happen.
Important Scenarios
1️⃣ Bullish Scenario:
If BTC breaks the trendline with strong volume, a short squeeze may occur and the price could move toward $72K+.
2️⃣ Bearish Scenario:
If the trendline rejects the price again, BTC may retest the $68K support.
✅ Overall:
The market is currently in a decision zone. A breakout could lead to a strong pump, while another rejection may bring downside testing again.