BITCOIN (BTC/USDT) – TODAY'S ANALYSIS

Hello everyone! Welcome to today's Bitcoin market analysis.

Bitcoin is currently trading near $66,791, and the overall market structure is showing bearish momentum.

Support & Resistance

Resistance 1: $70,696
Resistance 2: $73,078

Support 1: $66,750
Support 2: $65,186

Volume Analysis

Bitcoin's previous daily trading volume was approximately 1.93 times its 20-day average, showing significant market participation.

RSI & MACD

RSI is around 24.5, indicating oversold conditions. MACD is showing bearish momentum.

Candlestick Analysis

We need to monitor bearish engulfing, bullish engulfing, and rejection candles around important price levels.

Risk Management

Always understand market volatility, avoid excessive leverage, and never risk money you cannot afford to lose.

Final Outlook

Bitcoin's short-term structure remains bearish. A sustained recovery above $70,696 could improve market sentiment, while a confirmed breakdown below $66,750 could indicate further weakness.

Remember, technical analysis is based on probabilities, not guarantees.

Thank you for watching today's Bitcoin analysis! $BTC
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