#bitcoin
Bitcoin update
Resistance
73,000 ───────────────
▲
│ possible breakout
72,000 ──┤ resistance zone
│
71,200 ──┤ minor resistance
│
70,700 ● Current Price
│
70,300 ── Support
│
69,500 ── Strong Support
Indicator Analysis
1️⃣ Moving Averages
MA7 ≈ 70,777
MA25 ≈ 70,920
Price is below short-term MA → short-term bearish pressure
2️⃣ Market Structure
Big liquidation candle down to $70,317
Quick bounce → buyers defending support.
3️⃣ Volume
Recent drop had high selling volume
Bounce volume is smaller → still cautious$BTC
Bitcoin update
Resistance
73,000 ───────────────
▲
│ possible breakout
72,000 ──┤ resistance zone
│
71,200 ──┤ minor resistance
│
70,700 ● Current Price
│
70,300 ── Support
│
69,500 ── Strong Support
Indicator Analysis
1️⃣ Moving Averages
MA7 ≈ 70,777
MA25 ≈ 70,920
Price is below short-term MA → short-term bearish pressure
2️⃣ Market Structure
Big liquidation candle down to $70,317
Quick bounce → buyers defending support.
3️⃣ Volume
Recent drop had high selling volume
Bounce volume is smaller → still cautious$BTC