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Bearish
$BTC {spot}(BTCUSDT) is facing strong selling pressure after falling below $70,000. Higher US inflation concerns, expectations of higher interest rates, and Bitcoin ETF outflows are weighing on the market. 2. Important price levels Support: $67,500 and $65,000 Resistance: $70,000 and $73,000–$75,000 Bullish signal: A strong recovery above $70,000. Bearish signal: A sustained break below $65,000. 3. My prediction Short-term momentum remains bearish. Bitcoin could test lower support before recovering. A move above $70,000 would improve the outlook. My view: Avoid chasing risky trades. Wait for confirmation before entering#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend
$BTC
is facing strong selling pressure after falling below $70,000. Higher US inflation concerns, expectations of higher interest rates, and Bitcoin ETF outflows are weighing on the market.
2. Important price levels
Support: $67,500 and $65,000
Resistance: $70,000 and $73,000–$75,000
Bullish signal: A strong recovery above $70,000.
Bearish signal: A sustained break below $65,000.
3. My prediction
Short-term momentum remains bearish. Bitcoin could test lower support before recovering. A move above $70,000 would improve the outlook.
My view: Avoid chasing risky trades. Wait for confirmation before entering#WhoWillSucceedJensenHuangatNvidia? #WhatWillDriveCryptoandStocks’NextRebound? #BitcoinActiveSupplyInProfitDropsBelow45% #KavaSaysAbnormalActivityLimitedToKavaLend
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