$BTC 1H Breakout or Fakeout – Watching $68.3K
Bitcoin is up +1.49% in the last 24 hours, currently trading at $67,990 on the 1-hour chart.
📈 Current Structure (1H):
· Price above MA7 ($67,890), MA25 ($67,634), and MA99 ($67,441)
· This is a short-term bullish alignment
🎯 Key Levels:
· Resistance: $68,318 (24h high)
· Support: $67,441 (MA99) → then $66,280 (24h low)
📉 The Catch:
· Volume is low (50.66 BTC vs MA5 at 488)
· Low volume = less conviction → wait for confirmation
🧠 Bigger Picture (1D):
On the daily chart, BTC is still in a downtrend unless we reclaim $70K. So this 1H move could be a relief bounce inside a bearish structure — not a reversal.
💬 Your move?
Scalping long with a tight stop? Or waiting for daily close above resistance?
Drop your thoughts below 👇
$BTC
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