$BTC Based on the latest data, Bitcoin is trading around $68,500 - $68,750 USD, with a 24-hour range between approximately $67,400 (low) and $70,000 (high). Market cap hovers near $1.35T, and 24-hour volume is elevated at around $25B+. The price has shown indecision, recovering slightly from recent lows but facing resistance.f2c28ca1016a01c118
Short-Term Timeframe (4-Hour/Daily): Bearish Bias with Consolidation
Price Action: BTC is consolidating after a rejection at $70,000-$72,000, forming a potential bearish pennant on the 4-hour chart. This pattern suggests downside risk if support at $62,800-$65,000 breaks, potentially targeting $60,000 or lower. The daily structure remains bearish below the 20-day and 50-day EMAs (sloping downward around $70,000 and $75,000).000f22259000
Indicators: RSI (14) is near 33-35 (oversold but no strong reversal), and MACD shows weakening bearish momentum with the histogram flattening near zero. This indicates short-term indecision, but sellers dominate without a bullish crossover.dc0411ef4dbb
Key Levels:
Resistance: $70,000 (psychological/21 SMA), $72,000 (major ceiling).
Support: $67,400 (immediate), $65,000 (strong), $60,000 (critical—Elliott Wave target for impulse decline).3d223703ca4e
Outlook: Cautious; watch for liquidations below $60,000, which could amplify volatility. Short positions favored below $67,400, with targets at $65,000-$63,600.a5e73b A break above $70,000 could signal recovery to $72,000+
$BTC #BinanceSquareTalks #CryptoTrading.