📊 BTC/USDT – Short-Term Technical Update

BTC is trading around $68,040 on the 15-minute timeframe, and the structure is still bearish.

🔴 Trend & EMAs

Price is below EMA 7, EMA 25, and EMA 99

EMAs are acting as strong dynamic resistance

Lower highs & lower lows confirm short-term downtrend

📉 Momentum Indicators

RSI (6): ~24 → Deep oversold zone

Oversold doesn’t mean reversal yet, but selling pressure is slowing

MACD remains negative, though histogram shows weakening bearish momentum

📌 Key Levels

Support: 67,900 – 67,800

Resistance: 68,300 – 68,500

A clean break below 67,800 may open room for further downside

Holding above support could trigger a relief bounce

🧠 Market Insight

Bears are still in control, but oversold RSI suggests possible short-term bounce

Best approach: Wait for confirmation, avoid FOMO trades

Scalpers may look for quick reactions near support, while trend traders should stay cautious

⚠️ Not financial advice. Trade with proper risk management.

#BTC $BTC