#note
$BTC below $70,000
Bitcoin has fallen approximately −8.7% in the last 24 hours, dropping below $70k after recent highs above $76,000. The movement was sharp: a low of around $69,100, a daily high near $76,200, and volatility has noticeably increased.
Spot and futures volumes remain high — the market is actively redistributing. Funding on futures is positive but close to zero: there is no skew towards longs or shorts, and participants are cautious.
The correction appears to be a reaction to the overall backdrop — expectations regarding rates and decisions by the Fed.
Key benchmarks now: support around $69k, resistance — $76k. Until the market exits this range, it will likely continue to fluctuate.
Short term — a time for careful trading and risk control.
Long term — a reason to focus on fundamentals and avoid emotional decisions.
