$BTC /USDT BEARISH PRESSURE BUILDING – SUPPORT TEST LIKELY BEFORE NEXT MOVE

Current Price: 68,037

On the 15m timeframe, price is hovering near short-term support after failing to reclaim the 68,700–68,800 resistance zone. Momentum indicators suggest weakening bullish strength.

📊 Market Overview

RSI (6): 39.70 → Below 50, indicating bearish momentum building.

Price rejected near 68,700 (24h high area).

Volume declining on upside attempts → weak buying pressure.

🔑 Key Levels

Resistance Levels:

68,700 – 68,820 → Immediate resistance (recent rejection zone)

69,200+ → Breakout confirmation level for bullish continuation

Support Levels:

67,750 → Immediate intraday support

67,500 – 67,200 → Stronger demand zone

66,700 → Major support below

Price is currently sitting just above 67,750 support. A breakdown below this level may accelerate selling.

📉 Trade Setup (Short Bias)

Entry: 67,950 – 68,100

Stop Loss: 68,850

Take Profit Targets:

TP1: 67,750

TP2: 67,300

TP3: 66,700

Risk management is key — wait for confirmation (bearish candle close below 67,900) before entering.

If price reclaims 68,700 with strong volume, bias flips bullish toward 69,200+. Until then, sellers have short-term control.

Stay disciplined and trade with a plan. Every move in the market is an opportunity — patience and proper risk management will always outperform emotions. Keep learning, stay focused, and move forward with confidence. 🚀