$BTC USDT Perpetual is under short-term pressure as price trades around 69,475 after a sharp intraday drop of nearly 2.5%. The market rejected from the 71,300 zone and formed a clear lower high near 70,300, confirming bearish control on the 15-minute timeframe.
Price is trading below MA(7) at 69,775, MA(25) at 70,119, and MA(99) at 70,022, showing strong overhead resistance and weak momentum. The recent low near 69,155 acts as immediate support. A clean breakdown below this level can open the path toward the 68,700–68,300 demand zone.
Volume expanded during the sell-off, signaling active participation from sellers rather than a low-liquidity move. Any bounce toward 69,900–70,100 is likely to face selling pressure unless price reclaims and holds above the 70,300 level.
As long as BTCUSDT remains below the 70,000–70,300 resistance band, downside continuation remains the dominant scenario. Bulls need a strong reclaim above key moving averages to shift short-term structure back to neutral.
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