Bitcoin ($BTC )
Bitcoin just lost another key level. Is this a correction or a deeper market reset?
BTC is trading around $69,338, down 5.61%, after a sharp sell-off from the $74,811 region.
Here’s what the 1H chart is showing:
• Current price: $69,338
• 24H change: -5.61%
• Recent high: $74,811
• Recent low: $67,568
• Price has bounced from $67.5K, but recovery momentum needs confirmation.
• Daily net large-order flow: -$290.74M.
• Fear & Greed Index: 20, showing extreme fear.
What to watch next:
$67,568 is the immediate downside reference. A sustained recovery above $70K could improve short-term sentiment, while a breakdown below the recent low would increase downside risk.
Example: If BTC reclaims $70K and holds it as support, buyers may regain some control. If it gets rejected again, waiting for confirmation could be safer than chasing a bounce.
For now, I'm watching liquidity and market structure rather than trying to predict the bottom.
#Bitcoin #BTC #CryptoPatience
Bitcoin just lost another key level. Is this a correction or a deeper market reset?
BTC is trading around $69,338, down 5.61%, after a sharp sell-off from the $74,811 region.
Here’s what the 1H chart is showing:
• Current price: $69,338
• 24H change: -5.61%
• Recent high: $74,811
• Recent low: $67,568
• Price has bounced from $67.5K, but recovery momentum needs confirmation.
• Daily net large-order flow: -$290.74M.
• Fear & Greed Index: 20, showing extreme fear.
What to watch next:
$67,568 is the immediate downside reference. A sustained recovery above $70K could improve short-term sentiment, while a breakdown below the recent low would increase downside risk.
Example: If BTC reclaims $70K and holds it as support, buyers may regain some control. If it gets rejected again, waiting for confirmation could be safer than chasing a bounce.
For now, I'm watching liquidity and market structure rather than trying to predict the bottom.
#Bitcoin #BTC #CryptoPatience
