Bitcoin is hovering near 69315.68, and the chart structure is leaning decidedly lower after losing the 200-day moving average. Relentless ETF outflows and a cascade of long liquidations leave buyers without much footing, making relief bounces look vulnerable to fresh selling pressure.
Downside levels in view
• Initial target sits at 68100.0
• Secondary objective rests at 67600.0
Risk parameters to monitor
• First resistance check is 70100.0
• A push beyond 70500.0 invalidates the short idea completely
This short setup comes via CrowdWisdomTrading as intraday leverage continues to flush.
$BTC #Bitcoin
Educational research, not personal advice. You place the trade. Not a trading instruction. DYOR.
Downside levels in view
• Initial target sits at 68100.0
• Secondary objective rests at 67600.0
Risk parameters to monitor
• First resistance check is 70100.0
• A push beyond 70500.0 invalidates the short idea completely
This short setup comes via CrowdWisdomTrading as intraday leverage continues to flush.
$BTC #Bitcoin
Educational research, not personal advice. You place the trade. Not a trading instruction. DYOR.