$BTC 🔴 Bitcoin under strong selling pressure
BTC/USDT is trading at $65,931, down 4.33% over 24 hours, as the downtrend continues with lower highs and lower lows.
📉 Technical indicators:
Price is below MA7 at 66,963.
Below MA25 at 67,846.
Below MA99 at 71,431.
Rising trading volume during the decline reflects continued selling pressure.
$BTC 🟢 Support levels:
65,800 – 65,900
65,400 – 65,500
64,800 – 65,000
64,000
🔴 Resistance levels:
66,900 – 67,000
67,800 – 68,000
69,000 – 69,100
71,400
🎯 Trading scenario:
🟢 Buy: Wait for a confirmed rebound from 65,800, accompanied by a bullish candle and increased buying volume, then a breakout above 66,000 followed by a retest.
🔴 Sell: A break below 65,800 with an hourly candle close, followed by a retest that fails to break back above it, targeting 65,400 and then 65,000.$BTC
#BTC #USDT #USDC #Binance
BTC/USDT is trading at $65,931, down 4.33% over 24 hours, as the downtrend continues with lower highs and lower lows.
📉 Technical indicators:
Price is below MA7 at 66,963.
Below MA25 at 67,846.
Below MA99 at 71,431.
Rising trading volume during the decline reflects continued selling pressure.
$BTC 🟢 Support levels:
65,800 – 65,900
65,400 – 65,500
64,800 – 65,000
64,000
🔴 Resistance levels:
66,900 – 67,000
67,800 – 68,000
69,000 – 69,100
71,400
🎯 Trading scenario:
🟢 Buy: Wait for a confirmed rebound from 65,800, accompanied by a bullish candle and increased buying volume, then a breakout above 66,000 followed by a retest.
🔴 Sell: A break below 65,800 with an hourly candle close, followed by a retest that fails to break back above it, targeting 65,400 and then 65,000.$BTC
#BTC #USDT #USDC #Binance
