#Bitcoin dropped today due to heavy whale selling, high leverage liquidations, and global macro uncertainty (risk-off sentiment in markets). Overleveraged futures positions triggered a cascade of liquidations, increasing volatility.
📉 RSI is deeply oversold, which often signals a possible short-term bounce, but the overall trend is still bearish until $BTC breaks key resistance.
🔥 **Latest vibes:** After heavy sell‑offs and macro pressure, #Bitcoin is showing resilience near $68K–$70K range. Even bearish voices in the market are fueling fear that could eventually turn into opportunity.
📉 **RSI status:** $BTC RSI is deeply oversold — this doesn’t mean guaranteed gains, but historically it often leads to short‑term bounces as selling pressure cools off.
🛟 **Support to watch:** • $67,514 • $66,430
📈 **Resistance hurdles:** • $68,600 • $69,190 • $70,000+ — This is the key breakout zone
🧠 **What’s likely next?** 👉 If $BTC holds support and breaks above $70K, we could see a relief rally. 👉 If it fails to hold, deeper consolidation remains possible.
🔎 **Summary:** Near‑term bounce feels more probable than a fresh crash — but trend confirmation needs a breakout above resistance. Be cautious, trade smart.
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