🚨 $BTC Market Update: Bears in Control, Bounce Loading? 📉
Bitcoin is bleeding below $70K (trading near $68.2K–$69K) after losing the critical $75K floor. Hot macro data, ETF outflows, and $1.6B in crypto liquidations have pushed the daily structure firmly bearish—but 4H RSI is screaming oversold.
⚠️ Avoid the mid-range chop ($68K–$69.5K). Trade the edges:
🔴 Short Setup (Trend Continuation):
Entry: Rejection wick at $70,000 – $71,500
Stop: 4H close above $72,600
Targets: $67,000 ➡️ $65,200
🟢 Long Scalp (Liquidity Sweep):
Entry: Wick into $65,000 – $65,500 + 1H/4H bullish RSI divergence
Stop: Hard stop below $64,200
Targets: $68,800 ➡️ $70,000
💡 Trader’s Rule: Keep leverage low and risk capped at 1%–1.5%. Until BTC reclaims $75K, every bounce is guilty until proven innocent.
What’s your next move on $BTC? 👇
1️⃣ Shorting the $70K retest
2️⃣ Bidding the $65K demand zone
3️⃣ Sitting in USDT until the dust settles
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #MarketUpdate
Bitcoin is bleeding below $70K (trading near $68.2K–$69K) after losing the critical $75K floor. Hot macro data, ETF outflows, and $1.6B in crypto liquidations have pushed the daily structure firmly bearish—but 4H RSI is screaming oversold.
⚠️ Avoid the mid-range chop ($68K–$69.5K). Trade the edges:
🔴 Short Setup (Trend Continuation):
Entry: Rejection wick at $70,000 – $71,500
Stop: 4H close above $72,600
Targets: $67,000 ➡️ $65,200
🟢 Long Scalp (Liquidity Sweep):
Entry: Wick into $65,000 – $65,500 + 1H/4H bullish RSI divergence
Stop: Hard stop below $64,200
Targets: $68,800 ➡️ $70,000
💡 Trader’s Rule: Keep leverage low and risk capped at 1%–1.5%. Until BTC reclaims $75K, every bounce is guilty until proven innocent.
What’s your next move on $BTC? 👇
1️⃣ Shorting the $70K retest
2️⃣ Bidding the $65K demand zone
3️⃣ Sitting in USDT until the dust settles
#Bitcoin #BTC #CryptoTrading #TechnicalAnalysis #MarketUpdate
