#BTCFellBelow$69,000Again
⭐️BTC Dips Below $69,000 Again… Is This the Real Bottom or Just Another Shakeout?
Bitcoin ($BTC ) has once again slipped below the psychologically important $69,000 level in the last 24 hours, currently consolidating around $68,400–$68,500 after rejecting the $70k zone multiple times recently.
This isn’t the first rejection — we’ve seen $70,000+ tested and swept several times in the past few weeks, followed by accelerated selling pressure. Liquidity hunt? Profit-taking from early buyers? Or a fresh macro risk-off wave? Here are the key points:
1. Technically, the $69,200–$69,500 area broke cleanly, shifting momentum to the bears. On the hourly chart, the rising support trendline at ~$69,500 is already lost. Next major support sits at $67,800–$68,000 (recent swing low + 0.618 Fib retracement from the recent bounce).
2. Spot Bitcoin ETF flows have been soft lately — we’re seeing net outflows in several sessions, signaling spot demand isn’t strong enough to absorb the pressure. Institutional buyers remain in “wait-and-see” mode.
3. On the macro side: US inflation came in slightly softer than expected, but rate-cut expectations for 2026 are being recalibrated. Broader risk assets (stocks + crypto) are feeling the correction vibe.
So, is this the bottom?
My take: We’re not yet at full capitulation. True bottoms usually come with panic selling, funding rate resets, and even long-term holders starting to question everything. We’re still not quite there.
That said, every major correction in crypto history has eventually birthed massive opportunities. Remember 2022 when people were calling $20–30k the end… and then look what happened next.
What’s your view right now?
• Thinking of going long at these levels?
• Waiting for $65–66k for a cleaner entry?
• Already shorting the move? 😅
Drop your thoughts, strategies, or charts in the comments — let’s discuss! 🚀📉
#BTC #Bitcoin #Crypto #writetoearn
