Technical Update: Bitcoin $BTC faces a "wall" of 70 thousand! After careful monitoring of the price movement on the BTC/USDC pair, we find that Bitcoin is going through a pivotal phase. Here’s the technical summary: 🔍 Current Data: Resistance struggle: The price is hitting the area of 70,000 - 71,300 dollars, with the appearance of long "upper wicks" reflecting strong price rejection and selling pressure at the peaks. Volume: We notice an increase in selling momentum during breakout attempts, indicating a temporary weakness in buyer strength (Bulls). Support areas: The price is currently resting on near support at 68,900. Breaking this level means heading directly to test the 66,000 area. 📉 Smart Expectation (Cautious Outlook): The most likely direction currently: "Bearish Retracement." Reason: The price’s failure to repeatedly close above the 70 thousand level and increased selling volumes. We expect a re-test of the 68,200 areas as the first corrective stop. 🚀 Condition for upward shift: We cannot confirm an upward movement targeting 74,000 except in one case: a 4-hour candle closing with high momentum above the 70,500 dollar level. 💡 Trading Advice: "The market is now in a slightly bearish neutral zone; wait for confirmation and do not chase green candles at resistance levels." #Bitcoin #BTC #CryptoAnalysis Treading# #البيتكوين #تحليل_فني
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$BTC has indeed made a move! Although it hasn't reached the expected target of 67500, it has already secured nearly 3000 points in profit, and the broth is steadily being enjoyed! Babies, remember to set mobile stop-loss to firmly lock in the profits! During your free time, $BTC welfare red envelopes 🧧🧧🧧 will be distributed continuously! Use your little hands to help share Eda Yiyi's article~ Love you all!
Set the target at 25K, let's sprint! Sprint! Sprint! {spot}(BTCUSDT)