$BTC is showing signs of a short-term recovery after a sharp drop to the $60,000 psychological support level. Here is the breakdown:

* Current Price: ~$71,087 (+2.61%)

* The Rebound: Price has crossed above the EMA(7) and EMA(25) on the 4h chart, signaling a bullish "relief rally."

* The Hurdle: The major resistance sits at $78,150 (EMA 99). Unless we flip that purple line into support, the mid-term trend remains bearish (-32.60% over 90 days).

* Volume: Seeing a slight uptick in buying volume, but we need more conviction to confirm a full trend reversal.

Cautiously optimistic for a move toward $75k, but watch the $68k level closely for a potential double-bottom test. 🛡️

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BTC
BTCUSDT
69,843.8
-0.66%