Bitcoin is facing strong selling pressure as bearish momentum continues to dominate the market. After several weeks of heavy headwinds, BTC/USDT has recorded another downward move in the current session, confirming that sellers remain in control.
📉 Long-Term Trend (Daily Chart): Bearish
The market structure still shows lower highs and lower lows, signaling continued downside risk unless bulls reclaim key resistance zones.
🔑 Key Price Levels to Watch:
📍 Resistance:
• $69,000
• $72,000
• $74,500
📍 Support:
• $66,000
• $65,000
• $63,000
A break below the $65,000–$63,000 support area could accelerate selling pressure and open the door for deeper corrections. However, a strong bounce from support may trigger a short-term relief rally.
⚠️ Traders should monitor volume and momentum indicators closely, as volatility is expected to remain high. Risk management remains crucial in the current market environment.
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