$BTC Current Price: 67,834
Market Structure: Short-term downtrend / consolidation after rejection near 70K
🔻 Trend & Price Action
Price is making lower highs and lower lows on 4H → bearish bias
Currently bouncing from lower Bollinger Band → short relief move
Still trading below mid-BB (orange line) → sellers in control
📊 Indicators
Bollinger Bands (20,2)
Price near middle band after touching lower band
Needs break above mid-band for bullish momentum
RSI (14): 46
Neutral zone
No strong momentum yet
Slight upward curve → weak recovery
Volume
Declining → move lacks strength
No clear accumulation spike
Key Levels
Support
66,600 — 66,400 → Immediate support (recent bounce zone)
66,000 → Strong psychological + structural support
65,000 — 64,500 → Next demand zone if breakdown
$BTC Resistance
68,400 — 68,500 → Mid-BB + local resistance
69,800 — 70,300 → Major rejection zone
72,000 → Strong macro resistance
Bearish Scenario (More Likely Now)
If price fails at 68.4K:
➡️ Retest 66.6K
➡️ Breakdown → 65K zone
➡️ Panic selling possible below 65K
📈 Bullish Scenario
Bullish only if:
✔️ 4H close above 68.5K
✔️ Strong volume
✔️ RSI moves above 55
Then targets:
➡️ 69.8K
➡️ 70.3K
➡️ 72K
⚡ Scalping Outlook
Range trading between 66.5K — 68.5K
Breakout needed for trend move
Fake pumps likely due to low volume
If you want, I can also give:
✅ Exact intraday long/short entry setup
✅ High-probability scalping plan (5m / 15m)
✅ Today’s target zones
✅ Stop-loss strategy for small accounts
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