๐ BTC/USDT โ Short-Term Technical Update
BTC is trading around $68,040 on the 15-minute timeframe, and the structure is still bearish.
๐ด 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
๐ Momentum Indicators
RSI (6): ~24 โ Deep oversold zone
Oversold doesnโt mean reversal yet, but selling pressure is slowing
MACD remains negative, though histogram shows weakening bearish momentum
๐ Key Levels
Support: 67,900 โ 67,800
Resistance: 68,300 โ 68,500
A clean break below 67,800 may open room for further downside
Holding above support could trigger a relief bounce
๐ง 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
โ ๏ธ Not financial advice. Trade with proper risk management.
