BTC Update (1H)

BTC is starting to look a bit weak here.

The 69K area, which was acting as support, is now getting lost and price is slipping below it. Also the trendline we had from the lows is now broken, so short-term structure is not as strong as before.

The recent bounce toward 70K didn’t really have follow-through, which shows buyers are not very confident right now.

If BTC keeps holding below 69K, then it likely continues lower toward the 67.5K–66K area.

But if price manages to move back above 69K and hold, then this could just be a fake breakdown and we might see BTC push back toward 70.5K–71K again.

For now, market looks slightly on the weaker side — need to see how it reacts around this level.