$BTC
/USDT | Market Update
Category: POW
Market: High Cap / Market Leader
Status: Pullback Phase (-1.24%)
🔹 Trend: Short-term Bearish → Mid-term Range
🔹 Structure: Lower Highs below key MAs
📍 Key Price Levels
Current Price: 68,900
🟢 Support Zones
• 68,300 – 68,000 (minor intraday support)
• 67,300 (strong demand / key level)
• 65,500 – 64,800 (range bottom if breakdown)
🔴 Resistance Zones
• 69,300 – 69,500 (MA + rejection zone)
• 71,000 – 71,750 (major resistance / 24h high)
📊 Technical Snapshot • Price below MA(7), MA(25), MA(99) → bearish pressure
MA7: 68,981
MA25: 69,046
MA99: 69,272
• Multiple rejections near 69.4k
• Volume stable, no panic selling yet
• Market still respecting range structure
📈 Trade Scenarios
🔵 Scenario 1: Range Bounce (Safer)
Buy Zone: 67,300 – 68,000
Targets:
• TP1: 69,300
• TP2: 70,200
• TP3: 71,000
SL: Below 66,800
🔴 Scenario 2: Breakdown (Caution)
If BTC closes below 67,300 (1H)
• Next supports: 65,500 → 64,800
• Expect increased volatility
• Alts likely bleed faster
⚡ Scalping Bias (15m) • Above 69,200 → quick long scalps
• Below 68,800 → short scalps toward 68,300
📌 Market Notes • BTC still controls entire market direction
• Sideways → choppy → fake breakouts likely
• Best strategy: wait for confirmation, don’t over-leverage
• Spot buyers can DCA near 67k zone
📉 Bias: Neutral → Bearish below 69.2k
📈 Bullish only if: Strong close above 69,500
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