📉 $BTC Update
$BTC was rejected immediately after tapping 70.9K, followed by a quick impulsive drop, showing strong selling pressure at that level.
The rejection suggests local top formation and short-term momentum shifting to sellers. Failure to hold above 70.9K indicates that buyers are not strong enough to sustain the breakout.
As long as price remains below 70.9K, downside continuation toward lower liquidity zones is favored.
Key levels to watch:
🔹 Resistance: 70.9K
🔹 Support: prior reaction lows / short-term structure low
A clean reclaim and hold above 70.9K would invalidate the bearish bias.