$BTC USDT Analysis
🔹 Current Price: 68,921
🔹 Short-Term Structure: Strong intraday downtrend. Series of lower highs and lower lows. Price trading below MA7, MA25, and MA99 → sellers firmly in control.
📌 Key Levels:
• Immediate Support: 68,400 – 68,200
• Major Support: 67,800
• Resistance: 69,600 – 70,200
• Major Resistance: 70,700
📊 Price Action + Volume:
Heavy sell candles with expanding volume show aggressive distribution. Recent bounce from 68,420 looks like a relief bounce, not reversal. Trend momentum remains bearish.
🎯 Possible Trade Setup
🔴 Short (Trend Continuation): 69,600 – 70,000 pullback
TP1: 68,400
TP2: 67,800
TP3: 67,200
SL: Above 70,700
🟢 Long (Counter-Trend Scalp Only):
Entry: 68,200 – 68,400 support reaction
TP: 69,300
SL: Below 67,800
⚠️ Risk Scenario:
If 67,800 breaks with volume, fast move toward 66,800 liquidity zone possible.
💬 Outlook:
Short-term momentum is bearish. Until price reclaims 70,200+, rallies are likely shorting opportunities.$BTC
