đ¨ BTC/USDT ASIA SESSION UPDATE: SHARP CRASH BELOW THE PSYCHOLOGICAL $70,000 LEVEL â WIDESPREAD SELL-OFF
The scenario of breaking below the critical $72,727 low during the US session has officially triggered a wave of cascading liquidations. Bitcoin entered the Asia session with a long-bodied red candle, breached the psychological support level of $70,000, and hit a new low of $69,900.
đ ASIA SESSION TECHNICAL DATA (4H CHART):
⢠Current price: ~$69,977.16 (down 5.25% over the past 24 hours, with a further 2.52% drop right at the start of the new day).
⢠Selling pressure & new low: The 24-hour high of $73,884.01 was met with a sharp sell-off, pushing the price down to a new low of $69,900.00.$BTC
The scenario of breaking below the critical $72,727 low during the US session has officially triggered a wave of cascading liquidations. Bitcoin entered the Asia session with a long-bodied red candle, breached the psychological support level of $70,000, and hit a new low of $69,900.
đ ASIA SESSION TECHNICAL DATA (4H CHART):
⢠Current price: ~$69,977.16 (down 5.25% over the past 24 hours, with a further 2.52% drop right at the start of the new day).
⢠Selling pressure & new low: The 24-hour high of $73,884.01 was met with a sharp sell-off, pushing the price down to a new low of $69,900.00.$BTC