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
📉 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?
$BTC Caught Between Moving Averages – Breakout or Breakdown Incoming? 🚨
Body: Looking at the 15-min chart right now and $BTC is at a critical decision point:
🔍 The Setup: · Price: $66,780 (+0.49%) · Trading between MA7 ($66,792) and MA25 ($66,757) – literally sandwiched · MA99 sitting at $66,906 acting as resistance · 24h high was $67,320 – that's the level to watch
📉 Bear Case: If we lose $65,630 (today's low), next support could be $65k psychological level.
📈 Bull Case: A clean break above $67,320 (today's high) with volume could send us toward $68k.
⚠️ The Catch: Volume is low right now (11.5 BTC vs 10-period MA). Low volume = fakeouts possible. Wait for confirmation.
What's your play? Waiting for breakout or already positioned?