$BTC – 1H Squeeze Meets 1D Resistance
Bitcoin is currently trading at $68,183, up just +0.30% as momentum cools. But here's what both timeframes are telling me right now.
📊 1-Hour Chart (Short-Term)
· Price is stuck between MA7 ($68,378) and MA25 ($68,142)
· MA7 = resistance
· MA25 = support
· MA99 sits lower at $67,448 as stronger support
Volume Check:
· Current volume: 142 BTC
· MA5: 244 BTC
· MA10: 360 BTC
Volume is dropping → fewer traders jumping in. This often leads to range-bound movement or a fakeout.
🐋 1-Day Chart (Big Picture)
· Price: $68,183
· MA7 (Daily): $67,868 → price is above (short-term bullish on daily)
· MA25 (Daily): $72,031 → major resistance above
· MA99 (Daily): $85,531 → long-term resistance
Daily Takeaway:
We're still below key long-term MAs. This is a bounce inside a downtrend, not a reversal — unless we reclaim $72k.
🎯 Key Levels to Watch (1H)
Direction Level What It Means
🔼 Resistance $68,378 Break above = test $68.7k again
🔼 Next Target $68,698 24h high — breakout zone
🔽 Support $68,142 Hold or lose?
🔽 Next Support $67,534 24h low — breakdown confirmation
🔽 Strong Support $67,448 MA99 — last defense for bulls
🧠 My Take
· Scalpers: Watch $68,378 and $68,142 for quick entries
· Swing traders: Wait for daily close above $68.7k or a clean breakdown below $67.5k
· Long-term: Still bearish until $72k is reclaimed
What's your timeframe? Let me know below 👇
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