Guys, I warned you when Bitcoin was trading at $87K, $85K, and even $83K.
I believed the market was showing a trap rather than a confirmed bullish reversal.
Many traders disagreed with my analysis, but the market eventually moved lower.
Now BTC is around the $71K level (based on the price snapshot in this analysis).
📉 My Strategy:
- I am watching the market carefully. - My major buying interest remains below $60K. - A significant market move could develop within the next 10–15 days.
⚠️ Remember: Patience is more important than FOMO. Always manage your risk and never trade blindly.
Follow QX TRADER for more Bitcoin market updates and technical analysis.
$BTC QX TRADER BITCOIN (BTC/USDT) $68,800 Approx. 24H change: -3.6% MARKET OVERVIEW Bitcoin is facing selling pressure. Short-term market structure remains bearish, while RSI is near oversold territory. A temporary bounce is possible, but reversal is not confirmed. Resistance $71,000–72,000 Support zone $67,500–68,000 SCENARIOS TO WATCH Above resistance: possible recovery; confirmation needed. Below support: further downside risk. Between levels: uncertain market direction. QX TRADER TRADE WITH KNOWLEDGE, NOT EMOTIONS.
Current market situation: $BTC price: Approximately $68,400–$69,100 USD. 24-hour movement: Down approximately 6–7%. Market trend: Bearish in the short term. Main reason: ETF outflows, market uncertainty and heavy liquidations. Important price levels Level Price Support $68,500 Resistance $70,000 Next resistance $72,700 My analysis: Bitcoin is currently facing strong selling pressure. If it stabilizes above $68,500, a recovery may develop. However, a sustained fall below this level could bring further weakness. Conclusion: Short-term outlook remains bearish. A recovery above $70,000 would be an early positive sign. This is educational market analysis, not a prediction or financial advice. Cryptocurrency prices can change rapidly. Source: CoinMarketCap BTC Analysis · Bitcoin Technical Analysis #WhatWillDriveCryptoandStocks’NextRebound? #AnthropicRejectsIPODelayValuationinQuestion