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$BTC BREAKDOWN CONFIRMED? $66,500 NEXT TARGET AFTER $69.5K LOSS
Bitcoin has officially lost the critical $69,500 support level, slipping under the $70,000 psychological zone and shifting short-term momentum in favor of sellers.
Here’s what traders need to know 👇
📉 What Just Happened?
Rejected at $70,935 local high
Broke below $69,200 support
Lost the 38.2% Fibonacci retracement (from $65,072 swing low)
Uptrend line on the 1H chart snapped
Now trading near $68,400, hovering around the 100-hour SMA
This is a structural breakdown — not just noise.
🔥 Why This Move Matters
Bearish momentum is strengthening:
MACD expanding in bearish territory
RSI dropped below 50
Trendline support invalidated
When structure + indicators align, volatility usually follows.
🎯 Key Levels To Watch
🟥 Bearish Scenario
If BTC loses $68,000, downside targets open toward:
$67,350
$66,500 major support
A clean break below $66.5K could accelerate selling pressure.
🟩 Bullish Reclaim
If BTC reclaims $69,500, upside targets:
$70,500
$72,000–$72,500
Reclaim = momentum reset.
⚡ Trader Takeaway
This is a decision zone.
Above $69.5K → bullish continuation possible
Below $68K → deeper correction likely
Smart money watches reactions at support — not emotions.
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