📊 BTC/USDT – Short-Term Technical Update
BTC is trading around $68,040 on the 15-minute timeframe, and the structure is still bearish.
🔴 Trend & EMAs
Price is below EMA 7, EMA 25, and EMA 99
EMAs are acting as strong dynamic resistance
Lower highs & lower lows confirm short-term downtrend
📉 Momentum Indicators
RSI (6): ~24 → Deep oversold zone
Oversold doesn’t mean reversal yet, but selling pressure is slowing
MACD remains negative, though histogram shows weakening bearish momentum
📌 Key Levels
Support: 67,900 – 67,800
Resistance: 68,300 – 68,500
A clean break below 67,800 may open room for further downside
Holding above support could trigger a relief bounce
🧠 Market Insight
Bears are still in control, but oversold RSI suggests possible short-term bounce
Best approach: Wait for confirmation, avoid FOMO trades
Scalpers may look for quick reactions near support, while trend traders should stay cautious
⚠️ Not financial advice. Trade with proper risk management.
