Based on your 1D chart, Bitcoin is showing strong selling pressure. BTC is trading around $68,989, down approximately 6.59%.

🔻 Technical Analysis

Trend: Bearish — price is trading below MA(7), MA(25), and MA(99).

Momentum: Strong downside momentum with a large bearish candle.

Bollinger Bands: Price has moved below the lower band, indicating strong selling pressure and a possibility of a short-term relief bounce.

Volume: Selling activity has increased, confirming bearish momentum.

🎯 Important Price Levels

Level Price

Immediate Support $68,500

Next Support $67,700

Resistance 1 $70,500

Resistance 2 $71,500

Major Resistance $73,500

📉 Trading Strategy

Bearish Scenario:

If BTC breaks below $68,500 and confirms the breakdown, further downside toward $67,700 becomes possible.

Bullish Scenario:

If buyers defend $68,500 and reclaim $70,500, a recovery toward $71,500 could follow.

My Trading View

C, I would avoid chasing a short position after such a large bearish candle. Wait for a retest and confirmation before entering.

Overall Bias: Bearish until BTC reclaims $70,500–$71,500.

#BTC/USDT