$BTC Drops to $64.9K – Breakdown Confirmed

Bitcoin just hit $64,915, down -4.54% in the last 24 hours. The breakdown we were watching for has arrived.

📊 1-Hour Chart (Short-Term)

· Price is now well below all major MAs:

· MA7: $66,255

· MA25: $67,366

· MA99: $67,496

· Current 24h low is $64,290

· Volume spiked to 251 BTC — selling pressure is real

🔻 1H Takeaway:

Bearish structure is confirmed. Any bounce now is likely just a retest of broken support before more downside.

🐋 1-Day Chart (Big Picture)

· Price: $64,915

· MA7 (Daily): $67,618 → far below

· MA25: $71,143

· MA99: $85,243

📉 Daily Takeaway:

This is no longer a pullback — it's a breakdown. Daily MA7 is lost. Next major support is $64k, then $60k.

🎯 Key Levels Now

Timeframe Level What It Means

Support $64,290 24h low — last line before $64k

Resistance $65,040 First level to reclaim

Next Support $62,500 Psychological zone

Daily Resistance $67,500 Lost — now resistance

🧠 My Take

· Scalpers: Possible long bounce from $64,290, but high risk

· Swing traders: Wait for reclaim above $65k or let price settle

· Long-term: Downtrend accelerating. Wait for structure to form before bottom fishing.

Called this breakdown earlier. Are you short, waiting, or buying the dip?

BTC
BTC
64,788.24
-4.13%

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